Eppraisal

OCTOBER 23, 2023

Your offer will only become legally binding if the seller signs it. Secure a Mortgage Present your home purchase agreement with your chosen lender and submit the other requirements for review. The mortgage lender has three business days to give you a good-faith estimate or reject your application.

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Appraisal Today

JANUARY 5, 2024

I suppose it is because most appraisals are done (now) for residential lending purposes. NOTE: Please scroll down to read the other topics in this long blog post on New CA bias classes, 2024 New Years resolutions, 2024 goals, unusual homes, mortgage origination stats, etc. Legal topics are very popular with appraisers.

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Appraisal Contracts Legal Business 75

D Fritz Appraisals

OCTOBER 11, 2022

Home appraisals are a vital part of the home buying process as they have a big influence on the amount a lending institution will loan the buyer. They are also used to assess the value of the home for home improvement loans and insurance evaluations. Mortgage financing and refinancing. Renovation loan assessments.

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Appraisal Inspection Property Taxes Easement 105

Boston Appraisal

OCTOBER 8, 2022

As a result, delays in the lending or mortgage process are not uncommon; more recently, there have been attempts to mitigate this problem. Questions of legality or square footage verification are still left to the appraiser. One such attempt is the increased use of hybrid appraisals.

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Appraisal Inspection Appraisal Process Valuation 78

DataMaster

APRIL 6, 2021

Many people don’t understand home appraisals and how appraisers are legally bound to operate. Appraising is an often misunderstood part of the refinance and mortgage process. An appraisal is an unbiased valuation of the fair market value of a home. We must look at the market analysis and where we are coming from.

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Appraisal Appraisal Process Buyers Legal 78

DataMaster

APRIL 6, 2021

Many people don’t understand home appraisals and how appraisers are legally bound to operate. Appraising is an often misunderstood part of the refinance and mortgage process. An appraisal is an unbiased valuation of the fair market value of a home. We must look at the market analysis and where we are coming from.

Appraisal 78

Appraisal Appraisal Process Buyers Legal 78

D Fritz Appraisals

MARCH 16, 2021

The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property. If you want to refinance, sell, or buy, the appraisal provides mortgage lenders with straight facts so they can underwrite loans based on the purchase price or the appraisal (whichever is lower.)

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Appraisal HOA Easement Valuation 126

Boston Appraisal

OCTOBER 8, 2022

As a result, delays in the lending or mortgage process are not uncommon; more recently, there have been attempts to mitigate this problem. Questions of legality or square footage verification are still left to the appraiser. One such attempt is the increased use of hybrid appraisals.

Appraisal 78

Appraisal Inspection Appraisal Process Valuation 78

AmeriMac

MARCH 15, 2024

The HVCC laid the foundation for subsequent regulatory changes, including the incorporation of similar appraiser guidelines into the Dodd-Frank Wall Street Reform and Consumer Protection Act and the Truth in Lending Act. This, in turn, helps protect both lenders and borrowers in the mortgage process.

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Appraisal Appraisal Process Valuation Real Estate 36

The Robert Weiler Company

OCTOBER 21, 2022

If you’re reading this article, you will likely need a commercial real estate appraisal for property being sold, mortgaged, taxed, insured, or developed. The information that arises helps enlighten those who own, manage, sell, lend money, or invest in commercial real estate property.

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Real Estate Appraisal Property Appraisal Valuation 60

McKissock

OCTOBER 23, 2020

How are divorce appraisals different from standard mortgage lending appraisals? These expert witness assignments are similar to the “before value” appraisals in condemnation cases. The appraisal activity could also be to establish a value for a tax deduction or in response to an IRS audit. Bankruptcy.

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Appraisal Insurance Legal Development 77

Appraisal Today

APRIL 14, 2023

For many different reasons, properties can come on the market in less-than-par condition. At some point it’s no longer “normal market value minus cost to cure equals as-is value.” If our business revolves around mortgage lending, we are used to dealing with clients who have a certain level of sophistication.

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Appraisal Bracketing Contracts Valuation 52

Realvals

JUNE 18, 2023

One, as way to know the value before making an offer, and two, for the mortgage process after making an offer. In the first scenario, an appraisal gives you an objective perspective on the property’s value to ensure that you don’t overpay for your new home.

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Appraisal Property Taxes Real Estate Market Value 145

Zillow

JULY 15, 2019

This document spells out all the terms of the loan: the amount, the interest rate, the monthly payment, mortgage insurance, the monthly escrow amount and all closing costs. Private mortgage insurance, which is required, can be canceled when the owner reaches 80% equity. Equity : A percentage of the home's value owned by the homeowner.

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Real Estate Agent Insurance Inspection Buyers 56

Housing Wire

MAY 25, 2021

Modernization will either take root and flourish throughout every branch of the mortgage industry, or our industry could miss a critical window to introduce meaningful reforms. Under this framework, mortgage investors like the GSEs would secure valuable data to inform their critical risk models that keep our housing ecosystem safeguarded.

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Appraisal Valuation Real Estate Modernization 318

Simonson Real Estate

JULY 10, 2020

The appraiser’s role is to provide arm’s length, third-party, neutral, and impartial opinions about the value of real property and provide assistance to those who own, manage, sell, invest in, or lend money on real estate. Helpful information includes tax parcel numbers, legal descriptions, number of buildings, building size, etc.

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Appraisal Process Appraisal Market Value Tenants 148

Simonson Real Estate

DECEMBER 6, 2022

Having worked with many different lending institutions completing new construction and planned renovation assignments, think of this article as a “best practices” reference to be shared with new lenders, credit analyst team members and borrowers navigating the commercial appraisal process for the first time.

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Appraisal Process Real Estate Appraisal Renovations 78

Appraisal Today

FEBRUARY 16, 2024

NOTE: Please scroll down to read the other topics in this long blog post on appraiser fights back against bias accusation, ok behavior when taking Zoom CE classes, estate appraisal liability issues, unusual homes, mortgage origination stats, etc. = Never use a lending form (such as a 1004) for estate work. acres of coastal land.

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Appraisal Contracts Training Architecture 80

Appraisal Today

APRIL 1, 2023

This begs the question of why two reviewers went out of their way to compliment my work, when it seems that almost every mortgage assignment that I complete for a production group, comes back with stipulations. Never use a lending form (such as a 1004) for estate work. Excerpts: The gated compound has four bedrooms and 3.5

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Clients Appraisal Contracts Business 52

Appraisal Today

SEPTEMBER 9, 2022

NOTE: Please scroll down to read the other topics in this long blog post on Value Reconciliation, non-lender appraisals, liabililty, USPAP, unusual homes, mortgage origination stats, etc. =. Get the relevant date of value from the client or client’s attorney. So they are paying investment value, not market value.

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Reconsideration of Value Appraisal Clients Contracts 52