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FNMA Property Data Collectors Program Violates WV Law

Appraiserblogs

The Fannie Mae Property Data Collectors program seems to have run afoul of West Virginia law. The act specifically states that only a casual or drive-by inspection can be performed when it comes to consumer loans secured by real estate, and no opinion can be rendered as to its value nor any fee charged for such an inspection.

Law 146
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Certified Appraisers vs. Unlicensed Data Collectors

Appraiserblogs

Fannie Mae will end up creating more instability for the trillions in the bond market – investors will have to process millions of valuations with the physical attributes of the home collected by unlicensed, uninsured, and unprepared individuals getting paid $10-$25 per inspection. AI meets with Fannie Mae regulators to.

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Overhauling the Appraisal Process

DataMaster

The RFI contains 4 components: The Uniform Appraisal Dataset (UAD) and the design of appraisal forms Automated Valuation Models (AVMs) and appraisal waivers Valuation differences by borrower and neighborhood ethnic makeup Appraisal modernization. The use of a non-appraiser to inspect a property can be concerning for some.

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Do you know what you are getting into?

The People's Appraisal Blog

I have written many blog posts here, mainly for the consumer to read and understand what is actually happening in the world of Real Estate Valuations. 2) A licensed or certified appraiser to complete the valuation. …a couple hours of training, if that! So what’s the problem here, you might ask? The non-appraiser inspector?…a

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9 Things to Know Before Selling a Home For Sale by Owner

Raleigh Realty

Although there are real estate valuation sites available that can help provide an estimate on what your home may be worth, the only way to get an accurate list price is to spend extensive time doing a comparative analysis of other homes that have sold in your area. Contingent or pending in real estate can mean a number of different things.

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NAR: Appraisal License Equivalency Credit for RE Agents?

Appraisal Today

Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process. Compliance with Fair Housing laws, rules, and regulations. Compliance with Fair Housing laws, rules, and regulations. which can relate to valuation. He remembered me from Valuation 2000.

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Navigating Property Division in Divorce: The Crucial Role of Appraisals

Boston Appraisal

Advantages of Using Appraisals over Other Methods in Divorce Cases While some might consider online estimates, tax assessments, or personal opinions for their property valuation, these sources can often be unreliable, and they can lead to disputes and litigation.