Housing Wire

JUNE 4, 2021

The winning buyer also waived appraisal and financing contingencies and dropped off cupcakes that matched the interior colors of the house, which was a nice touch because the seller is an artist and the home is unique and colorful.” . “We received about a dozen offers, which is actually a low number by today’s standards.

Marketing 492

Marketing Sellers Finance Loan Officers 492

Housing Wire

MARCH 23, 2023

Thursday, March 23 marks the one-year anniversary since the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released its action plan to curb instances of bias in the housing appraisal process. Led by U.S.

Appraisal 383

Appraisal Reconsideration of Value Valuation Training 383

Housing Wire

MARCH 11, 2021

The Federal Housing Finance Agency (FHFA) announced on Thursday that it has again extended relaxed lending and appraisal standards for both Fannie Mae and Freddie Mac. The COVID-19-related flexibilities surrounding alternative verifications of employment and appraisals were originally set to expire on March 31, 2021.

Lending 481

Lending Appraisal Inspection Property Appraisal 481

Housing Wire

APRIL 21, 2021

The Federal Housing Finance Agency (FHFA) announced on Wednesday that due to “low usage” it is no longer extending expirations on certain temporary loan origination flexibilities for Fannie Mae and Freddie Mac. The regulator is also advancing permanent changes to be made in the appraisal space.

Real Estate Agent 395

Real Estate Agent Valuation Appraisal Modernization 395

Housing Wire

NOVEMBER 17, 2022

The residential appraisal space has been rocked by increased federal scrutiny over the past two years, with several agencies studying whether appraisers let racial bias change their valuations. In late October, the Federal Housing Finance Agency released 47 million appraisal reports to the public for the first time.

Appraisal 369

Appraisal Valuation Modernization Property Appraisal 369

Housing Wire

JANUARY 10, 2023

For those of us in housing finance, the calendar year change really does mean something. And yet the MBA Mortgage Finance Forecast for 2023 has some bright spots in it. Property Appraisal. I would be remiss not to choose appraisal as the first area that desperately needs action. Stay the course on non-negotiables.

Modernization 383

Modernization Finance Appraisal Valuation 383

Housing Wire

DECEMBER 28, 2020

The Federal Housing Finance Agency (FHFA) announced Monday it is requesting input on the appraisal policies, practices and processes of Fannie Mae and Freddie Mac, especially as it relates to the GSEs’ appraisal modernization efforts. The Request for Input (RFI) – open to comment until Feb.

Appraisal 454

Appraisal Modernization Valuation Appraisal Process 454

Appraiserblogs

MAY 15, 2023

The end result of which includes OUTRIGHT FRAUD being perpetrated against banks via the repurchase letters Fannie Mae now issues on a quota based system rather than because of legitimate appraisal defects. Dear representative, waiving/eliminating property appraisal for lending purposes is wanton recklessness.

Valuation 138

Valuation Property Appraisal Lending Appraisal 138

Housing Wire

APRIL 13, 2021

Jay Garrett, a loan officer at Supreme Lending ’s McClellan Branch in Austin, said he is seeing 10 to 40 offers on houses no matter where they are in Austin, and cash offers are winning the day because sellers don’t want to have to worry about the house appraising too low for someone who needs financing. “If

Housing Market 533

Housing Market Buyers Marketing Real Estate Agent 533

Appraiserblogs

MARCH 29, 2023

Dear representative, waiving/eliminating property appraisal for lending purposes is wanton recklessness. With falling values across many markets combined with rising mortgage rates putting even more pressure on borrowers’ wallets, this decision could potentially put. Related Posts: Dear Representative, FNMA Has Gone Rogue!

Property Appraisal 134

Property Appraisal Training Lending Appraisal 134

Appraiserblogs

APRIL 9, 2023

Dear representative, waiving/eliminating property appraisal for lending purposes is wanton recklessness. Fannie Mae’s decision to waive/eliminate property appraisal for lending… No Appraisals Required. The End of Appraisers? No appraisal may be required in the future!

Property Appraisal 132

Property Appraisal Lending Appraisal Mortgage 132

Cleveland Appraisal Blog

JUNE 23, 2023

Start thinking about the financing options available, such as mortgages, loans, and grants, and the associated interest rates, repayment terms, and fees. Depending on what you are buying and local tax laws you may also wish to look into property tax loans and if possible you should hire a realtor to walk you through the buying process.

Property Taxes 195

Property Taxes Legal Law Property Appraisal 195

Housing Wire

DECEMBER 14, 2021

The Federal Housing Finance Agency (FHFA) is the latest stakeholder to examine how racial bias may creep into property valuations. HUD has declined to say how complaints of appraisal bias it has received, citing pending investigations.

Appraisal 427

Appraisal Valuation Finance Training 427

Appraiserblogs

JUNE 28, 2023

Related Posts: AMC Hires a Convicted Felon as Property Data Collector The recent case of Paschal Uchendu, a convicted felon awaiting sentencing for orchestrating a $1.2 Dear representative, waiving/eliminating property appraisal for lending purposes is wanton recklessness.

Property Appraisal 109

Property Appraisal Government Lending Appraisal 109

Housing Wire

DECEMBER 6, 2021

In a November interview, Melody Taylor, executive director of HUD’s Property Appraisal and Valuation Equity task force, stated that, “Due to confidentiality filings, HUD does not disclose the complaints we receive.”. HUD has also told HousingWire it does not disclose investigations that are still pending.

Appraisal 395

Appraisal Valuation Development Real Estate 395

Housing Wire

APRIL 14, 2023

Currently, 75% of real estate agents and 97% of property appraisers in the U.S. Students whose understanding of the profession is limited to selling houses may not realize that their interests in fields like law, finance or engineering can translate into success in real estate.

Real Estate 381

Real Estate Law Development Business 381

Housing Wire

MARCH 5, 2021

Hybrid appraisals, desktop appraisers, and new online platforms are slowly being introduced, which could appeal to the newer labor force, Reese said. This was the first step the FHFA took in combatting the pandemic as it pertained to appraisers.

Appraisal 427

Appraisal Valuation Training Technology 427

Birmingham Appraisal

JUNE 7, 2023

For instance, when a company acquires or sells a residential property, accountants need accurate valuation figures to ensure correct financial reporting. Assessing Property Investments Supporting Accountants in Investment Analysis Real estate investments can have a significant impact on a client’s financial portfolio.

Real Estate 63

Real Estate Appraisal Valuation Legal 63

Cleveland Appraisal Blog

JANUARY 19, 2023

” Clearly, when valuing a property, appraisers must consider what the typical buyer expects a home to offer in terms of amenities and characteristics. AN EXAMPLE Earlier in the year, I appraised a property that was originally built for buyers that do not require electricity. What about financing?

Appraisal 284

Appraisal Buyers Transportation Real Estate 284

Appraisal Partners Blog

OCTOBER 20, 2019

Transactional adjustments come from differences in ownership, financing terms and conditions of sale. For example, if the seller paid $5,000 in seller concessions to the buyer of the home, we might adjust -$5,000 from the sale price of the comparable to get the real net, or normal sale price of the property.

Property Appraisal 78

Property Appraisal Sellers Finance Appraisal 78

Appraisal Hub

MARCH 27, 2024

The Role of Commercial Real Estate Appraisal A commercial real estate appraisal is a comprehensive evaluation conducted by certified appraisers to determine the value of a property. In Toronto, where the commercial property market is both dynamic and competitive, obtaining an accurate appraisal is essential.

Property Taxes 78

Property Taxes Real Estate Appraisal Valuation 78

McKissock

DECEMBER 14, 2021

Property appraisers don’t dictate what the value is. Many years ago, an appraiser friend (Ben was his name) asked me to go along on a challenging appraisal assignment to aid in data collection. On the way he needed to drop off an appraisal report to a lender client.

Market Value 80

Market Value Marketing Property Appraisal Appraisal 80

The Robert Weiler Company

SEPTEMBER 30, 2020

An appraisal review is a second opinion or added insurance for the transaction to ensure the purchase price history, comps, adjustments, and disclaimers are accurate. Essentially, the commercial appraisal reviewer must confirm the report is acceptable, meets standards, and the appraiser had no interest in the property appraised.

Real Estate 137

Real Estate Appraisal Property Appraisal Valuation 137

D Fritz Appraisals

AUGUST 12, 2019

Understanding the differences between an appraisal and an inspection will help you understand when you might need one or the other – or both – before you buy your first home. Let’s explore the similarities and differences between a home inspection and a home appraisal. What Is a Home Appraisal?

Inspection 94

Inspection Appraisal Real Estate Property Appraisal 94

D Fritz Appraisals

SEPTEMBER 11, 2023

How Your Appraiser Can Help You Choose the Best Renovations to Increase Value Property appraisers understand the local housing market. Our team can help with valuations for home renovations, mortgage financing and new construction , as well as for the division of assets and estate requirements.

Renovations 117

Renovations Home Value Market Value Valuation 117

D Fritz Appraisals

JANUARY 8, 2022

While the drone pilot maneuvers around the roof, appraisers and agents can be on the ground checking out the foundation. Drones for Real Estate Photography and Property Appraisals: Things to Keep in Mind. Fritz Appraisals, our experienced team prides itself on accurate, comprehensive and professional property appraisals.

Real Estate 88

Real Estate Appraisal Inspection Real Estate Agent 88

Birmingham Appraisal

JUNE 21, 2023

Real estate agents, as trusted guides for their clients, must possess a good understanding of the factors that influence property appraisals. In this blog post, I’ll discuss key appraisal factors, and common challenges, and offer valuable insights for real estate agents to navigate the appraisal process effectively.

Real Estate Agent 75

Real Estate Agent Real Estate Agents Appraisal 75

AmeriMac

APRIL 15, 2023

It is important to assess the value of your commercial property through a professional appraiser to make informed decisions on its future use. Uses of Commercial Property Appraisals A commercial property appraisal is a process of determining the real estate market value of a commercial property.

Real Estate 36

Real Estate Appraisal Property Taxes Valuation 36

Eppraisal

FEBRUARY 20, 2024

Tidy lawns, trimmed hedges and controlled weeds create pleasant surroundings and raise property appraisals. What to Consider When Maintaining an Older Home Carefully calculate the anticipated costs of various projects to manage your finances more efficiently.

Architecture 36

Architecture Inspection Renovations Modernization 36

Housing Wire

JULY 5, 2022

Last month, the Federal Housing Finance Agency released plans, developed by Fannie Mae and Freddie Mac , to make the housing market more equitable, in part through changes to the appraisal process.

Modernization 394

Modernization Valuation Property Taxes Appraisal 394

AmeriMac

OCTOBER 15, 2023

Unveiling the Concept of Appraisal Reviews Understanding the appraisal review process ensures accuracy and reliability. Appraisal reviews assess the quality and credibility of an appraisal report, adhering to industry standards like USPAP. How are Appraisal Reviews Beneficial for Clients?

Appraisal 36

Appraisal Clients Real Estate Appraisal Process 36

AmeriMac

APRIL 30, 2024

These appraisals provide an unbiased estimation of a property’s value, taking into account various factors such as location, condition, size, and recent sales of similar properties in the area. For buyers, it helps in determining a fair price to offer, while sellers can use it to showcase the value of their property.

Appraisal 36

Appraisal Appraisal Process Valuation Real Estate 36

Housing Wire

AUGUST 18, 2020

The Federal Housing Administration has announced an upcoming release of its FHA Catalyst: Electronic Appraisal Delivery module on the FHA Catalyst platform. This solution will allow lenders to electronically submit, track, and manage single-family property appraisals and will become available to FHA-approved lenders on Sept.

Technology 468

Technology Appraisal Property Appraisal Finance 468

Appraisal Today

JUNE 23, 2023

From determining asset values for financial reporting to assisting with investment analysis, property disputes, tax planning, and mortgage financing, appraisers offer a wealth of knowledge and data that accountants can rely on for accurate and informed decision-making. Inaccurate or biased algorithms can lead to serious harm.

Appraisal 87

Appraisal Real Estate Valuation Contracts 87

McKissock

NOVEMBER 3, 2020

In 2018, the Appraiser Qualifications Board (AQB) changed its Real Property Appraiser Qualifications Criteria. business, finance, accounting, economics, etc.), A: It’s hard to attract new people to the profession, and it’s especially hard to attract young people just out of college.

Appraisal 75

Appraisal Training Business Property Appraisal 75

Aedis Appraisals

FEBRUARY 1, 2018

A home appraisal in Toronto Ontario is defined as an inspection to estimate the value of a home. Mortgage lenders require an appraisal to confirm the value of the collateral for financing. Home appraisals are done case-by-case to verify the home’s market value and assess its risk. The economic life of the property.

Real Estate 36

Real Estate Appraisal Inspection Property Taxes 36

Empire Appraisal Group

MAY 9, 2024

New Requirements Aim to Reduce Appraisal Bias The new Reconsideration of Value policy requires lenders to provide a pathway for borrowers to request reviews of home appraisal valuations.

Reconsideration of Value 78

Reconsideration of Value Appraisal Valuation Training 78