Appraisal Today

JUNE 23, 2023

Attorney Peter Christensen, general counsel at the Christensen Law Firm in Bozeman, Montana, notes that lawsuits against individual residential appraisers, or small residential AMCs, are fairly rare, and successful suits rarer still. However, it’s a good idea to know where the risks lie—and how to avoid them.

Appraisal 85

Appraisal Real Estate Valuation Contracts 85

McKissock

AUGUST 13, 2021

For a typical “as-is” Market Value assignment with a straightforward contract with no contingencies or conditions, there is probably nothing that an appraiser actually needs to see. If a property appraises for $200,000 for a refinance, then it is still a $200,000 property for a sale transaction.

Contracts 64

Contracts Appraisal Market Value Real Estate 64

Boston Appraisal

OCTOBER 27, 2023

Divorces are difficult and stressful processes that involve many legal and financial issues. One of the most important and complex aspects of divorce procedures is dividing the marital property, especially the family home. Appraisals are customized and tailored to the specific property and its features.

Appraisal 78

Appraisal Property Appraisal Legal Inspection 78

Appraisal Today

APRIL 14, 2023

Indemnification Clauses: What Appraisers Should Know Excerpts: When adding an appraiser to their appraisal panel, a lender or an appraisal management company (AMC) will present the appraiser a 5-15 page long “Appraisal Services Agreement” or “Appraiser Engagement Agreement” for the appraiser’s signature.

Appraisal 52

Appraisal Bracketing Contracts Valuation 52

Boston Appraisal

APRIL 18, 2024

Challenges in Appraising Mixed-Use Developments Complex Valuation Models : Mixed-use properties require appraisers to be adept in multiple valuation methods. Since these developments encompass various property types (e.g., Risk Assessment : Different income streams carry varying levels of risk.

Development 78

Development Appraisal Valuation Retail 78

Realvals

JUNE 18, 2023

Estate Taxes In some cases, local laws may require appraisals for estate tax purposes. Depending on the total value of the real estate and/or the location of the property, taxes may be owed for the real estate. It is important to work with a certified appraiser to comply with these regulations and avoid potential penalties.

Appraisal 145

Appraisal Property Taxes Real Estate Market Value 145

Clear Capital

JUNE 21, 2022

When Freddie Mac published the study, “ Discovery of Racial and Ethnic Valuation Gaps In Home Purchase Appraisals ” in late 2021, its conclusion, “that Black and Latino applicants receive lower appraisal values than the contract price more often than White applicants,” sent shockwaves through the mortgage industry.

Valuation 69

Valuation Technology Lending Real Estate 69

Housing Wire

JUNE 14, 2022

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. According to Freddie Mac’s equitable housing finance plan, it could be the expansion of automated valuation models.

Appraisal 331

Appraisal Valuation Inspection Law 331

Housing Wire

FEBRUARY 7, 2022

Independent mortgage banks have been “completely blindsided” by the increase in enforcement activity, said Daniella Casseres, who leads the mortgage regulatory practice group at law firm Mitchell Sander. Redlining “is not even on the radar of their board or senior management,” she said.

Insurance 360

Insurance Modernization Lending Mortgage 360