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HUD and FHA announce new appraisal bias protections

Housing Wire

HUD called the new guidance a step to fulfill the commitments of its Interagency Task Force on Property Appraisal and Valuation Equity (PAVE), which includes representatives from 13 federal agencies. These disclosures must be provided at both the time of mortgage application and at the presentation of the appraisal.”

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From Forms to Reports: A Look at the UAD Overhaul

Appraisal Buzz

This scope of work is determined by the type of property and the characteristics of the property. Appraisers will be presented with the data elements needed to report the characteristics of the subject property, and analyze the market, comparables, and other necessary parts of the appraisal process.

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Susan Rice to co-chair HUD appraisal task force

Housing Wire

The Property Appraisal and Valuation Equity task force will deliver a report to Biden within six months to describe the “extent, causes, and consequences of undervaluing of properties,” a HUD official told HousingWire. How to reduce appraisal turn times and improve the borrower experience. Presented by: Voxtur.

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Opinion: Who decides what American neighborhoods look like?

Housing Wire

Currently, 75% of real estate agents and 97% of property appraisers in the U.S. 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.

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Navigating Property Division in Divorce: The Crucial Role of Appraisals

Boston Appraisal

In order to ensure a fair and equitable distribution of assets, it is essential to obtain a professional, and accurate property appraisal in a divorce case. Why Property Appraisals are Important in Divorce Cases A property appraisal is an objective and unbiased estimate of the market value of a property, on a given date.

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7 Common Mistakes Sellers Should Avoid During a Real Estate Appraisal

Birmingham Appraisal

I always recommend creating a list of improvements as part of a property information packet that can be provided to potential buyers as well as the appraiser. 3) Not Being Present During the Appraisal Some people believe that they should not be present during the visit by the appraiser.

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5 Resources to Save Time and Grow Your Appraisal Business

McKissock

In this one-hour, non-credit Pro-series webinar , presenter Rob McClelland will teach you how to create, maintain, and retain your workfiles in digital form. Now is the time to move beyond spreadsheets, modernize your company practices, and see the possibilities that come with using tools built by appraisers, for appraisers.