Housing Wire

OCTOBER 17, 2023

Given this pre-foreclosure paradox, mortgage servicers and government policymakers are forced to walk a thin line: nudging distressed homeowners toward making a choice that’s in their best interest while also arming them with the knowledge and resources they need to be protected in the pre-foreclosure marketplace.

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Buyers Retail Market Value Real Estate Agent 373

Housing Wire

FEBRUARY 8, 2022

In a December 2020 request for information, FHFA highlighted potential benefits of desktop appraisals, including assisting training of new appraiser trainees, and alleviating appraiser shortages in rural and high-volume areas. But it wasn’t an appraiser deciding to loan 125% of a home’s value for a 3/1 adjustable rate mortgage.

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Appraisal Appraisal Process Valuation Renovations 363

Housing Wire

APRIL 14, 2023

Concepts like getting a mortgage, taking out a line of credit, buying and selling a property and becoming a landlord are rarely part of classroom discussions or dinner-table conversations, unless your family happens to be in real estate. Whether you’re renovating homes or selling skyscrapers, real estate requires networking and patience.

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Real Estate Law Development Business 320

Genworth MI Blog

FEBRUARY 29, 2024

The mortgage process involves diligence and timeliness to ensure that borrowers can meet their closing date – that diligence is also required to master the appraisal review process. Your borrowers and the other parties who participate in the mortgage process will thank you! Register today!

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Appraisal Inspection Training Real Estate 88

Housing Wire

OCTOBER 20, 2023

Post decorating and renovation tips Since customization is commonplace among homeowners, posting decorating or renovation tips may be helpful to your audience. Take the time to educate your audience about common home renovations, and it can help or hurt them if they decide to sell their house in the future.

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Real Estate Agents Real Estate Agent Clients 342

Housing Wire

APRIL 22, 2024

I can also provide expert advice about renovations and the potential return on investment — where to get the biggest bang for your buck — or simply answer any questions you have about the market. House-hacking is a great way to build wealth and pay down your mortgage. Call or text me with any real estate questions!

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Real Estate Open Houses Brokerage Real Estate Agent 334

Lamacchia Realty

FEBRUARY 15, 2023

Jackie Louh Chief Operating Officer, Lamacchia Realty The Lamacchia Property Management crew is currently renovating and updating the office space to fit in with the Lamacchia Realty brand standards. The renovation is expected to be complete with an official grand opening in March 2023.

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Realty Realtors Renovations Sellers 74

Housing Wire

APRIL 25, 2024

Whether you want to help your buyers visualize what an empty listing might look like furnished, help them find local contractors, or get them excited about renovating a fixer-upper, Houzz can help. Or better yet, do what I just did and ask it how you should pivot your business to stay competitive after the NAR lawsuits!

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Real Estate Agents Open Houses Tools 338

Realtor

FEBRUARY 22, 2019

If you’ve applied for a mortgage, your home-to-be still has to undergo a comprehensive appraisal of its worth—and an unfavorable home appraisal can kill a real estate deal. To get a mortgage, you’ll need a home appraisal because the home serves as collateral for your lender. Sorry, not yet.

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Appraisal Process Appraisal Mortgage Buyers 78

Realtor

FEBRUARY 22, 2019

If you’ve applied for a mortgage, your home-to-be still has to undergo a comprehensive appraisal of its worth—and an unfavorable home appraisal can kill a real estate deal. To get a mortgage, you’ll need a home appraisal because the home serves as collateral for your lender. Sorry, not yet.

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Appraisal Process Appraisal Mortgage Buyers 78

D Fritz Appraisals

OCTOBER 11, 2022

Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. Financial institutes or mortgage lenders will require an appraisal to ensure the home is worth the amount of money being requested in the loan or mortgage.

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Appraisal Inspection Property Taxes Easement 105

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. = Some small commercial appraisal companies are okay with training residential appraisers.

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Appraisal Contracts Training Architecture 80

PennyMac

OCTOBER 10, 2023

A home appraisal is an unbiased report on the value of your home performed by a trained and state-licensed individual. Appraisals are an essential part of the home financing process, ensuring the homebuyer, seller and mortgage lender each have an impartial, consistent and accurate assessment of the value of the property under consideration.

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Appraisal Real Estate Agent Renovations Home Value 69

Appraisal Today

APRIL 5, 2024

NOTE: Please scroll down to read the other topics in this long blog post on appraiser discrimination lawsuit, waivers, staying positive with slow business, appraiser’s economic forecast, unusual homes, mortgage origination stats, etc. Mortgage rates Mortgage rates exhibited a minor retreat to 6.79%, remaining within the 6.6%

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Appraisal Contracts Business Construction 77

AmeriMac

DECEMBER 30, 2023

Mortgage lenders rely on these appraisals to determine the value of fundamental estate-owned properties, directly impacting loan amounts for refinancing. The resulting appraisal report is crucial for refinancing, foreclosures, and mortgage lenders to ascertain the loan amount.

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Real Estate Appraisal Inspection Appraisal Process 36

Clear Capital

MARCH 4, 2022

The mortgage industry is on its way to modernizing the appraisal process. Keep reading to understand the new guidelines and what they mean for the mortgage industry. Keep reading to understand the new guidelines and what they mean for the mortgage industry. What is a desktop appraisal? Desktop appraisal meaning and definition.

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Valuation Appraisal Inspection Appraisal Process 69

Housing Wire

FEBRUARY 8, 2024

Carrie has lived and trained internationally in more than a dozen countries and from coast to coast. Using her in-depth understanding, knowledge, and training, she helps clients make highly informed decisions about the community and helps them choose a home that synergistically meets their needs, dreams, and lifestyles.

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Real Estate Agent Real Estate Agents Clients 366

Dart Appraisal

APRIL 30, 2021

Planned renovations? It is essential to utilize qualified and trained individuals for all valuations. Dart Appraisal Discusses Appraisal Changes On Reverse Mortgages. What is interest in the property to be valued? . Are there existing improvements? Are there any known issues about the condition of the property or improvements?

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Contracts Appraisal Tips Appraisal Clients 69

Housing Wire

AUGUST 29, 2022

SW: The mortgage industry saw huge origination volume over the last two years. So, we have embraced products that range across the gamut, those targeted toward HELOCs, or targeted toward renovation loans. SW: What’s the biggest challenge for the mortgage industry right now, and appraisal companies in particular?

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Modernization Appraisal Valuation Technology 370

Realtor

JANUARY 23, 2018

Congress outlawed the use of such assessments, called broker price opinions, or BPOs, to value properties for traditional mortgages. Unlike appraisers, people who perform BPOs don’t need much training or an appraisal license since the estimate is simply meant to suggest listing prices. A Radian spokeswoman declined to comment.

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Appraisal Real Estate Agent Valuation Real Estate 78

Realtor

JANUARY 23, 2018

Congress outlawed the use of such assessments, called broker price opinions, or BPOs, to value properties for traditional mortgages. Unlike appraisers, people who perform BPOs don’t need much training or an appraisal license since the estimate is simply meant to suggest listing prices. A Radian spokeswoman declined to comment.

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Appraisal Real Estate Agent Valuation Real Estate 78

Appraisal Today

DECEMBER 2, 2022

I don’t know if Realtors can be re-trained to see value rather than price. I know some successful agents who were trained as appraisers and appraised for awhile. Built in 1961 (renovated in 2006 by architect Hal Hayes), 3 bedrooms, 2 baths, 2100 sq.ft. trillion overall in mortgages in 2023, down 12% from 2022 and down 3.5%

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Appraisal Agents Real Estate Real Estate Agent 80

AmeriMac

NOVEMBER 15, 2021

In other words, it’s the current difference between A) what the property in question is actually worth, and B) how much money remains on the balance of the mortgage. Therefore, as the fair market value of the home goes up while the amount remaining on the mortgage goes down, equity continues to build over the years.

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Appraisal Renovations Appraisal Process Inspection 36

AmeriMac

NOVEMBER 15, 2021

In other words, it’s the current difference between A) what the property in question is actually worth, and B) how much money remains on the balance of the mortgage. Therefore, as the fair market value of the home goes up while the amount remaining on the mortgage goes down, equity continues to build over the years.

Appraisal 36

Appraisal Renovations Appraisal Process Inspection 36

Appraisal Today

MAY 26, 2023

NOTE: Please scroll down to read the other topics in this long blog post on appraisal “modernization”, bias hearing, bad appraiser, USPAP, unusual homes, mortgage origination stats, etc. == Appraiser pleads guilty in $1.3B A three-year renovation, ending in 2009, converted the upper floors into the 7,000-square-foot penthouse.

Easement 52

Easement Contracts Appraisal Inspection 52

Appraisal Today

JULY 7, 2023

In the past, appraisers were trained by FHA to redline, with lower values in Black neighborhoods. Despite the home’s age, it isn’t a money pit or desperate for a renovation. While higher mortgage rates remain a challenge, the year-over-year price decrease may help stimulate future sales. You may lose a client.

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Appraisal Real Estate Contracts Mortgage 76

Assurance Financial

DECEMBER 20, 2021

If you want to downsize because you’re looking for a different layout for your home or to have different amenities, consider whether it might make more sense to reorganize or renovate your current home. Many homeowners whose needs change often decide to take out a second mortgage to fund their renovations. Refinance Guide.

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Mortgage Renovations Buyers Investing 69

Appraisal Today

FEBRUARY 17, 2023

NOTE: Please scroll down to read the other topics in this long blog post on AMC layoffs, adjustments, your business voicemail, unusual homes, mortgage origination stats, etc. == 11 of the Most Remote Homes in the World From the “Loneliest House in the World” to the smallest inhabited island, these homes are as beautiful as they are secluded.

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Real Estate Agent Real Estate Appraisal Agents 52

AmeriMac

APRIL 11, 2022

They’re professionally trained and they go over every element of a home with a fine-toothed comb. They’ll factor in renovations and even additions that may have been made since that time. For starters, no bank is ever going to give someone a mortgage for more than a home is worth.

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Appraisal Real Estate Renovations Training 36

Will Springer Realtor

AUGUST 11, 2023

NAR’s Housing Affordability Index is a good measure of whether a household earns enough to qualify for a mortgage on a typical home. Depending on the size of the home, buyers will receive up to $25K off to help defray the cost of the parking space, lower the mortgage interest rate, reduce closing costs or simply to further reduce the price.

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Buyers Development Construction New Listings 36