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Unwrapping what to expect in your home inspection, appraisal and closing

Housing Wire

“Something buyers aren’t aware of is that the appraisal process can take a while, depending on location, geography and the number of appraisers available at a company,” said Anthony Masseria, Vice President and Area Lending Manager at Citi. The Citi team wants you to feel confident during your home-buying journey.

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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. They are also used to assess the value of the home for home improvement loans and insurance evaluations. Reviewing / appealing property tax assessment. Estate settlements.

Appraisal 105
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Choosing the Right Lender

PennyMac

Purchasing a home is a big step, and you want a knowledgeable lending partner by your side as you weigh your financing options and navigate the paperwork involved. To receive a Pennymac BuyerReady Certification, you’ll submit a mortgage application and financial documents, which a Pennymac Loan Expert will review.

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A complete guide to closing on your first home

Movoto

A home closing—also known as the settlement—refers to the date when a property’s title and deed are transferred to the buyer, officially making them the new owner. It’s also an opportunity to review all the closing documents, make sure the title is clean , and release any funds that have been held in escrow to the parties that are owed money.

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Say What? Home-Buying Lingo You Should Know

Zillow

Appraisal : An informed, impartial and well-documented opinion of the value of a home, prepared by a licensed and certified appraiser and based on data about comparable homes in the area, as well as the appraiser's own walkthrough. Closing disclosure (CD) : A five-page document sent to the buyer three days before closing.

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12 Types of Expert Witness Assignments for Appraisers

McKissock

How are divorce appraisals different from standard mortgage lending appraisals? Tax appeal. Typically, this would be for local property tax appeals. Appraisals are then required to assist the owners, and eventually the courts, to determine the value of the property. Insurance claims. Bankruptcy. Learn more.

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Mastering How to Order a Home Appraisal Quickly

AmeriMac

This information is used to create an appraisal report, which is a detailed document that provides an estimate of the home’s value, including its estimated value. This is because the appraisal helps the lender ensure that they are not lending more money than the home is worth.