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CFPB proposes rule to bolster PACE loan borrower protections

Housing Wire

The Consumer Financial Protection Bureau (CFPB) announced on Monday a proposed rule that seeks to bolster consumer protections for borrowers seeking Property Assessed Clean Energy ( PACE ) financing for home renovations. We are proposing new rules that would require sensible safeguards on these clean energy loans.”

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Room-By-Room Guide to Eco-Friendly Home Modifications and Renovations

Raleigh Realty

Just like a garage or a carport, environmental home renovations help to improve home value. VOCs can be a surprisingly common find in modern homes: Cleaning supplies, cosmetic products, varnishes, and paints can all contain volatile organic compounds. million homes. By 2030, solar power could provide up to 13 of the world’s energy.

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Product Certifications for Sustainable Homes

Will Springer Realtor

. “When a home is enrolled in the HERS rating system, it delivers indisputable measured value as compared to the average new build,” says Jason Boyer, whose firm recently developed Karma , a modern community in Phoenix. Before goods arrive at the home, consumers are now examining their origin and how items are produced.

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Affordable housing inventory is limited due to foreclosure prevention efforts

Housing Wire

Once the transfer of ownership occurs at foreclosure auction, a distressed property can be renovated and returned to the retail market as affordable housing for homeowners or renters. “[I My renovated homes are] reducing the number of rental properties , which in our town has become a source of demise.”

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Non-Arms Length Sales for Appraisers

Appraisal Today

The One-Mile Rule: Prudent Policy or Modern Day Redlining? However, if true, this represents a troubling practice – a government sponsored enterprise providing discriminatory adjustments based on census data that appraisers cannot legally consider, while sharing the data openly with underwriters. By Dallas T. built in 2000.

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A property tax reckoning is coming

Housing Wire

But the federal government has fixed its might on the former. The strategy has irked appraisers, in large part because they feel the federal government has not yet proven its case. Assessors rely on building permit records — and the homeowner’s self reporting — to stay abreast of renovations that raise the home’s value.

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Revolutionizing Appraisals: The Role of Blockchain Technology

Appraisal Buzz

For instance, if a property’s appraisal history, including renovations, damages, and previous sales, is stored on a blockchain, future appraisers can access this immutable record to make more informed decisions. Art & Collectibles: The art world is notorious for its opacity.