Appraisal Today

SEPTEMBER 30, 2022

Read on to learn about the definition of an extraordinary assumption and when it should be used, as well as the overuse of extraordinary assumptions. Excerpts: It may or may not be surprising to learn that most claims arising from vacant land appraisals are caused by the appraiser actually appraising the wrong property.

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Appraisal Today

AUGUST 26, 2022

For example: “I’m appraising a property and have been instructed to comply with Fannie Mae guidelines. In order to comply with Fannie Mae guidelines, the sales comparison approach must be the primary method used to determine the value. The refinance share of mortgage activity decreased to 31.1 Answer: No! percent from 12.0

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Appraisal Today

NOVEMBER 10, 2022

Here are five guidelines to follow when appraising barndominiums. Offer a lunch and learn. The Refinance Index decreased 4 percent from the previous week and was 87 percent lower than the same week one year ago. Refinances continued to fall, with the index hitting its lowest level since August 2000.”. percent from 13.5

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Appraisal Today

DECEMBER 22, 2023

Appraisers have had discrimination issues in classes and lender guidelines since the 1970s, after redlining finally stopped. There is a learning curve here, but this is highly doable. If you don’t know anything about Search Engine Optimization (SEO), learn or hire someone who does. percent of total applications from 39.2

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Quicken Loans

JUNE 9, 2021

One of the requirements for being approved for a VA loan is a property appraisal. What Is A VA Loan Appraisal? A VA appraisal is an appraisal performed by someone certified through the U.S. Department of Veterans Affairs (VA). It’s a valuation of how much the home you’re trying to buy or refinance is actually worth.

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Assurance Financial

JULY 27, 2021

Thanks for your interest in learning more! Refinance Guide. Thanks for your interest in learning more! Unless you refinance an FHA loan to a conventional loan at some point, you’ll be responsible for premiums from the first payment until the last. Your property is appraised and meets property guidelines.

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Appraisal Today

AUGUST 13, 2023

Here’s another thought for you to ponder: HUD, a governmental agency, is attacking appraisers who do their work per the guidelines established by two “quasi-governmental entities”, the two GSE’s, and two other government agencies, HUD/FHA, plus the VA. The refinance share of mortgage activity decreased to 28.7 percent from 13.3

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Appraisal Today

APRIL 2, 2023

It provides information about how industry partners can benefit from this initiative, timelines and roadmaps to keep you on track for building to or implementing the new UAD and redesigned Uniform Residential Appraisal Report (URAR), and additional resources to learn more along the way. The VA share of total applications decreased to 11.6

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Assurance Financial

JUNE 14, 2021

Thanks for your interest in learning more! Refinance Guide. Thanks for your interest in learning more! Conforming loans follow guidelines set by Fannie Mae and Freddie Mac. If rates are high when you purchase your home, you could be stuck with a high rate for years unless you refinance. [contact-form-7].

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Appraisal Today

JUNE 2, 2023

Learn how to provide an accurate value conclusion that protects the appraiser from the potential ramifications of their bad acts. Federal law, FNMA/FHLMC guidelines and USPAP all point to a solution. FHA programs currently allow for the purchase, rehabilitation, or refinance of properties that include ADUs. percent from 12.5

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