Sat.Apr 09, 2016 - Fri.Apr 15, 2016

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Why Is My Lender Asking About My Race on My Loan Application?

Zillow

At some point in the mortgage application process, you'll get asked questions about your race, ethnicity, gender, and age. Being asked to provide this information can often raise a question of your own: Why? Let's answer that question now. Clearing up anti-discrimination laws A law called the Equal Credit Opportunity Act (ECOA) enacted in 1974 makes it illegal for lenders to discriminate based on race, national origin, gender, age, marital status, or because one receives public assistance.

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Subrogation Appraisal

Mores Appraisal Group

What is a Subrogation Appraisal? Subrogation is a term denoting a legal right that is reserved by most insurance carriers. Subrogation is the right for an insurer to pursue a third party that caused an insurance loss to the insured. This is done as a means of recovering the amount of the claim paid to the insured for the loss. Many times an insurance company will request a subrogation appraisal when there is a complete loss.