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6 Things That Terrify Appraisers

JMV Lending

a round house), multiple dwellings on one lot, adverse influences such as a nearby freeway, easements that clearly affect value, income properties (two to four units), over-improvements, unfinished structures, significant deferred maintenance, and unclear […]. The post 6 Things That Terrify Appraisers appeared first on JVM Lending.

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Opinion: Title insurance is vital to protecting the American dream

Housing Wire

It plays an essential role in the economics of homeownership, ensuring that credit reaches those who need it and providing safeguards to those who lend it. Title insurance is imperative for lenders to ensure the borrower has ownership rights to a property, but it doesn’t just protect against problems affecting title.

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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. Any existing easements or zoning issues. They are also used to assess the value of the home for home improvement loans and insurance evaluations. Lot: Size and topography of the lot.

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Pre-Appraisal Checklist for Homeowners

D Fritz Appraisals

Any easements or encroachments – any part of the property should be accounted for to get the most accurate estimate of the land value. With a combined half century of experience across the industry in business administration, lending and real estate sales, you can trust in D. Fritz for your real estate appraisal.

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Commercial Real Estate Appraisal Review: Essential Handbook to a Necessary and Influential 2nd Opinion

The Robert Weiler Company

Two of the best examples occur when there is lending involved or litigation pursued. Consider the grantor’s position when considering a disbursement for a mixed-use development, conservation easement, or specialty use property. Grant Applications. A commercial appraisal review can be as significant as the appraisal itself.

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What is a Land Appraisal and How Is Land Appraised?

The Robert Weiler Company

Land easements and encumbrances. For a buyer of land for sale, keep in mind that the bank will never lend more money for a property than its actual worth; this makes the land valuation an important first step if you have specific land in mind. Environmental factors. Property characteristics and amenities. Layout of the land parcel.

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Explaining the Loan Process Part 4: Underwriting Mortgage

PennyMac

The lender will likely work with a title company during underwriting; mortgages, liens, claims, easement rights, unpaid taxes, restrictive covenants and pending legal action already attached to the home can derail a possible loan. Performing a title search ensures that the property can be transferred to you once the mortgage is finalized.