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Magistrate judge recommends $46M in restitution from former Live Well CEO

Housing Wire

government and former Live Well Financial CEO Michael Hild regarding a restitution amount owed to the company’s creditors, a magistrate judge overseeing the issue has recommended that Hild pay more than $46 million. Attorneys for Hild and the government have been at odds for the better part of a year over restitution.

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Financial services firm Consolidated Analytics acquires Real Info

Housing Wire

With the acquisition , Consolidated Analytics expands its valuation solutions, offering clients tools — from data and analytics to appraisals — to predict market value and access a more comprehensive selection of collateral assessment products, the company said. . — a provider of property data and valuation technology solutions.

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What is the Difference Between Assessed Value and Market Value?

Lamacchia Realty

WHAT IS THE DIFFERENCE BETWEEN ASSESSED VALUE AND MARKET VALUE? Two terms that often come up when buying or selling property are assessed value and market value. While these terms may seem similar, they actually represent two different values that can affect the pricing of a property.

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‘Abandoned’ Bay Area land will be developed into housing

Housing Wire

Other state governments have also engaged in arrangements to acquire more land for housing development. Department of Housing and Urban Development to acquire federal land in the Las Vegas metropolitan area at a per-acre rate well below the land’s market value with the intention of developing it into additional housing units.

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Once Upon a Time… A Housing Fairy Tale

Appraisal Buzz

We have rules, we have standards, and we all know the exact definition of value. The “official unofficial” government-related loan definition of market value is clear. As an appraiser, I had to look at what I had spent a lifetime doing: “Find market value.” Let’s pretend market value is market value.

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How technology can help mortgage lenders combat repurchase risk

Housing Wire

This ensures their bundle retains its credit rating and market value. If too many mortgages default, the MBS can lose significant value. .” This means the entity that assembled and sold the MBS is obligated to buy back any non-performing or defective mortgage loans.

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How Do Sales Concessions Affect Market Value?

Texas Home Appraisal Blog

Most appraisal forms, including the government standard 1004 URAR, has a section in the sales comparison grid to list, and adjust for, any concessions made on the sale of that property. Depending on the amount of the concession, and what is typical within the market area, they can have a drastic impact on the adjusted value.