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Freddie Mac Research Explores Causes for the Appraisal Valuation Gap for Homeowners in Minority Neighborhoods

Appraisal Buzz

Freddie Mac (OTCQB: FMCC) today released an analysis showing that appraisal values are more likely to fall below the contracted sale price of a home in census tracts with a higher share of Black and Latino households, resulting in an appraisal gap. MCLEAN, Va. for those in White tracts, leading to a gap of 5.2%.

Valuation 370
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Free Webinar: Components of AMC Training by Josh Walitt

Appraisal Buzz

Certain states require AMC staff to receive training to ensure they understand valuation independence regulations as well as other statutory requirements. Josh : I am a compliance and valuation consultant based in Colorado. Can’t make the time? Register to receive the full recording in your inbox as soon as it’s over!

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The appraisal industry’s hidden hand

Housing Wire

He started contracting with home mortgage lenders to appraise the value of the property tied to a loan. “It But they did not become key players in the home valuation industry until the recent housing bubble.”. The outcome was a settlement, the Home Valuation Code of Conduct, or, as appraisers swiftly dubbed it, havoc.

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The hybrid appraisal is here. Who benefits?

Housing Wire

The company, which employs about 17 people, was founded in 2015, and is one of those approved to provide the Freddie Mac data report for its new remote inspection program. The seller accepts it; they go into contract. At $50 to $100 per inspection, according to ProxyPics, it’s certainly less expensive than sending an appraiser.

Appraisal 434
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Navigating the Appraisal Process – What You Need to Know

Simonson Real Estate

Leased Fee Interest – Defined as the ownership interest held by the landlord, which includes the right to receive the contract rent specified in the lease plus the reversionary right when the lease expires. Source: The Dictionary of Real Estate Appraisal, Sixth Edition, Appraisal Institute, Chicago, Illinois, 2015).

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Non-Arms Length Sales for Appraisers

Appraisal Today

What should appraisers look for in a sales contract? In the 1930’s, appraisers (then known as valuators) were instructed to follow a rating system. Appraisers/Valuators were tasked with gauging the level of “protection” against these adverse influences or assessing the associated “risk” they posed. … percent from 7.13

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Helping Lenders Navigate the Commercial Real Estate Appraisal Process

Simonson Real Estate

Leased Fee Interest – Defined as the ownership interest held by the landlord, which includes the right to receive the contract rent specified in the lease plus the reversionary right when the lease expires. Source: The Dictionary of Real Estate Appraisal, Sixth Edition, Appraisal Institute, Chicago, Illinois, 2015). Prospective Values.