Appraiserblogs

MARCH 29, 2023

Dear representative, waiving/eliminating property appraisal for lending purposes is wanton recklessness. With falling values across many markets combined with rising mortgage rates putting even more pressure on borrowers’ wallets, this decision could potentially put. Related Posts: Dear Representative, FNMA Has Gone Rogue!

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Appraiserblogs

JUNE 28, 2023

Related Posts: AMC Hires a Convicted Felon as Property Data Collector The recent case of Paschal Uchendu, a convicted felon awaiting sentencing for orchestrating a $1.2 Dear representative, waiving/eliminating property appraisal for lending purposes is wanton recklessness.

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Housing Wire

APRIL 6, 2023

“This is an opportunity to expand our understanding of the issues facing today’s appraisal industry and to get a clearer picture of how current practices and the appraisal regulatory system impact lending in this country.” housing market in the future.

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Housing Wire

AUGUST 25, 2022

Instant Home Equity, an automated end-to-end digital home equity product for lenders, integrates income, identity verification, title, decision and property appraisal to save time and costs, Blend said in a release this week. trillion in the first quarter, according to the Federal Reserve Bank of St.

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Appraisal Buzz

APRIL 15, 2024

The new data set is all encompassing for every property type (residential) that were traditionally divided into 12 separate forms. The appraiser will be led through a process, defined by the scope of work. This scope of work is determined by the type of property and the characteristics of the property.

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Appraisal Buzz

SEPTEMBER 20, 2021

As a southern California property appraiser, each year I attend Valuation Expo , the country’s largest trade show for real estate appraisers. Realtors and Property Appraisers? This was originally published on hoskingappraisalgroup.com here. So what’s the consensus, you ask? And what does this mean for the economy?

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Housing Wire

MARCH 23, 2023

Thursday, March 23 marks the one-year anniversary since the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released its action plan to curb instances of bias in the housing appraisal process. Led by U.S.

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Aedis Appraisals

APRIL 25, 2018

If you are a property owner, you may be used to having a lending institution order an appraisal of your home. However, you may also want to consider having your property appraised independently. An appraisal is defined as an inspection that gives an estimate of a property’s value.

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Housing Wire

APRIL 21, 2021

.” While some flexibilities are meeting their end, the FHFA said it will extend alternative appraisals on purchase and rate-term refinance loans out another month until May 31, 2021.

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Housing Wire

APRIL 8, 2021

First, the pre-approval letter tells the seller that you are serious about buying a home and that you have a commitment from a reputable lender on how much it will lend to you. Second, it allows you to tailor your offer to each individual house you put an offer on.

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Housing Wire

JUNE 4, 2021

In April, Jay Garrett, a loan officer at Supreme Lending ’s McClellan Branch in Austin, said he was seeing 10 to 40 offers on houses no matter where they are in Austin, and cash offers are winning the day because sellers don’t want to have to worry about the house appraising too low for someone who needs financing.

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Appraisal Hub

NOVEMBER 23, 2022

But to ensure that your property is sold for fair market value, you’ll need the guidance of a reliable appraisal company. Why you need appraisal services in Toronto: Find the Right Value for Your Property. Lending institutions typically require a certified appraisal, ensuring that your property is priced reasonably.

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Housing Wire

APRIL 13, 2021

Rapidly accelerating home prices come with a variety of challenges for lenders and real estate agents, including one of the biggest pain points right now — the appraisal gap. If they get a higher offer that has financing, then when appraisal comes back, the buyer is going to renegotiate the sales price to be closer to appraised value.”.

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Empire Appraisal Group

NOVEMBER 22, 2023

He has been appraising real estate since 2003 and has successfully completed over 10,000 residential property appraisals. In addition to working with lending clients, Daniel provides valuations for attorneys, realtors, investors and homeowners in the local market.

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Empire Appraisal Group

NOVEMBER 9, 2023

He has been appraising real estate since 2003 and has successfully completed over 10,000 residential property appraisals. In addition to working with lending clients, Daniel provides valuations for attorneys, realtors, investors and homeowners in the local market.

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McKissock

MARCH 24, 2022

On March 23, 2022, the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released a report entitled “Action Plan to Advance Property Appraisal and Valuation Equity.” The 58-page report is available here , while an Executive Summary of the report is also available.

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Appraisal Hub

MARCH 19, 2023

Mortgage lenders require assurance that they are issuing a loan commensurate to the value of the property. A property appraisal in Toronto will provide them with an accurate assessment of that home’s value. An impartial appraisal can help you set a fair price and attract more potential buyers. Appraisal Hub Inc.

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Appraiserblogs

MARCH 17, 2021

Valuation Legal warned us about this back in December: Appraiser and AMC Laws to Include Prohibitions Against Discrimination. Prior to the initiation of a residential property appraisal, a holder of a license or certification under P.L.1991, From Bill A5185: 2. 45:14F-1 et seq.) or registration under P.L.2017, 45:14F-27 et al.)

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East Coast Appraisal

SEPTEMBER 26, 2023

The appraisal process is critical to real estate transactions. Below are tips to help you get the right appraiser. Specialization Residential and commercial property appraisals differ. For example, commercial property appraisal considers income generation, which isn't a factor for residential property appraisal.

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Appraiserblogs

MARCH 8, 2021

The Appraisal Foundation has issued an exposure draft for Advisory Opinion (AO) 16. Advisory Opinion 16 is Fair Housing Laws: Avoiding Bias in Real Property Appraisal and Appraisal Review Development and Reporting. … USPAP Appraisal Reviews in 15 Minutes?

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Cleveland Appraisal Blog

JANUARY 19, 2023

” Clearly, when valuing a property, appraisers must consider what the typical buyer expects a home to offer in terms of amenities and characteristics. AN EXAMPLE Earlier in the year, I appraised a property that was originally built for buyers that do not require electricity. That is not always a simple task.

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The Robert Weiler Company

SEPTEMBER 30, 2020

As per the above list, there are several motives for a commercial real estate appraisal review; however, what does a real-world scenario look like? Two of the best examples occur when there is lending involved or litigation pursued. A commercial appraisal review is also critical during litigation. Grant Applications.

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Housing Wire

DECEMBER 14, 2021

In a blog post, Fannie Mae and Freddie Mac ’s regulator and conservator said it found examples of “overt references to race, ethnicity, and other prohibited bases under federal fair lending laws,” which FHFA said indicate the “continued presence of valuation bias.”.

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D Fritz Appraisals

OCTOBER 22, 2019

Looking for a Home Appraisal Company in Victoria, BC? In any of these situations, a property appraisal company can help, and it will be up to you to hire the right company for the job. So, when it’s up to you, how do you know what property appraisal company to hire? Up Next: Home Inspections vs. Home Appraisals.

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McKissock

NOVEMBER 15, 2022

Disciplinary complaints against appraisers are becoming more and more common. From accusations of bias or discrimination to failure to disclose significant real property appraisal assistance, it can be really alarming if a licensing board reaches out and notifies you of a complaint.

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AmeriMac

NOVEMBER 30, 2023

It plays a significant role in several aspects, from buying and selling to lending purposes. In this blog, we will take you through everything you need about commercial real estate appraisal, from defining the term and understanding its importance to exploring the different types of commercial properties that are appraised.

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D Fritz Appraisals

MARCH 4, 2024

Serving Victoria to Nanaimo and the Gulf Islands of British Columbia, our professional appraisers prioritize understanding the West Coast marketplace trends. Let our team of expert property appraisers, certified by the Appraisal Institute of Canada, guide your landscaping design decisions with a comprehensive, accurate valuation.

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The Robert Weiler Company

OCTOBER 21, 2022

We believe that you’ll feel better informed, more confident, and maybe even a little enthusiastic when it is time to schedule a free consultation with a commercial property appraiser. Question 1: What is a commercial real estate appraisal? Question 5: Why are commercial property appraisals important?

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Birmingham Appraisal

JUNE 7, 2023

For instance, when a company acquires or sells a residential property, accountants need accurate valuation figures to ensure correct financial reporting. Assessing Property Investments Supporting Accountants in Investment Analysis Real estate investments can have a significant impact on a client’s financial portfolio.

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Riverfront Appraisals

JULY 1, 2021

For the past six months, I’ve been blogging with the purpose of assisting loan officers to better understand the appraisal process. So far, we’ve covered final inspections, lending on unique homes, communication with the appraiser, reconsiderations of value, bracketing and FHA appraisals.

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McKissock

MARCH 18, 2022

“A lender might be looking at an investment that involves multiple properties, or a mix of residential and commercial, and might handle the transaction through its commercial lending department—which would naturally assign the job to a general appraiser. Resources and helpful info to upgrade your appraisal license.

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Appraisal Real Estate Agent Development Property Appraisal 89

Riverfront Appraisals

JUNE 13, 2021

This post is part six of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. So far in our series, we’ve looked at final inspections, lending on unique homes, communication with the appraiser, reconsiderations of value and bracketing. […]. We’re halfway there!

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Birmingham Appraisal

FEBRUARY 8, 2023

Not really, and today I’m going to explain the differences between several different types of appraisals that could mean the difference between a home appraising for contract price or not. For the record, I will state that the goal of every appraisal is to estimate the market value of a home, usually for lending purposes.

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Riverfront Appraisals

APRIL 30, 2021

Right now on our Appraisal Blog, we’re all about helping Loan Officers. This post is part five of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. So far in our series, we’ve looked at final inspections, lending on unique homes, communication with the appraiser, and reconsiderations of value.

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Riverfront Appraisals

MARCH 5, 2021

And last time, we discussed all kinds of unique homes, and gave tips on how to make lending on […]. The post Loan Officer’s Guide to Appraisals Part 3: Communication With The Appraiser appeared first on Riverfront Appraisals.

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Robinson Appraisal Group

NOVEMBER 16, 2018

This form has been a requirement since 2009 as a tool to establish the increase, decrease or stabilization of markets in the aftermath of the housing crisis occurring between 2007 – 2010 due to sub prime lending practices. Robinson Appraisal Group has always required the 1004MC, and believe in the support that it lends in a report.

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Tools Appraisal Lending Inspection 78

McKissock

NOVEMBER 10, 2020

As busy real estate appraiser, both your time and your professional reputation are extremely valuable. One thing you can do to help save time and preserve your standing as an ethical and reliable property appraiser is to put a little extra time and effort toward avoiding appraisal errors and violations. Sign up now.

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