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Pre-Appraisal Checklist for Homeowners

D Fritz Appraisals

The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property. HOA documents – if you live in an HOA neighbourhood, the appraiser will need to see the costs, regular maintenance schedule, history of fee increases, etc. Fritz for your real estate appraisal.

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Home Appraisals – What Do They Look For?

D Fritz Appraisals

Home appraisals are a vital part of the home buying process as they have a big influence on the amount a lending institution will loan the buyer. A home appraisal is a legal document containing information that determines the current fair market value of a new or existing property. Any existing easements or zoning issues.

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Explaining the Loan Process Part 4: Underwriting Mortgage

PennyMac

The underwriter will investigate to make sure your application and documentation are truthful, and they will double-check you have described your finances accurately. Note: If you are self-employed, you may be asked to provide additional documentation such as income and work status.)

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7 Takeaways: Due Diligence Fee and Earnest Money in Real Estate

Raleigh Realty

It should be noted that not every state uses due diligence fees in real estate transactions, so it is important to consult with your real estate agent so they may educate you on the legal implications of a housing contract. Any existing easements on the property which legally allow another party to use someone else’s property.

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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

ROV (Reconsideration of Value) Changes – FHA and GSEs GSE Effective date is August 29, 2024 HUD Effective date is September 2, 2024 Editor’s note: This long section includes, In order: McKissock/Dave Bradley post with a good summary including links to HUD and GSE documents. George Dell – his usual very interesting comments.

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9 Things to Know BEFORE Your Home Appraisal

Raleigh Realty

Mortgage lenders do not want to lend more money for a home than the home is worth. Mortgage lenders are legally required to abstain from discriminating against a borrower on the basis of sex, religion, race, marital status, disability, age, national origin, or use of public assistance. What do they look for in a Home Appraisal?

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