Appraisal Today

FEBRUARY 16, 2024

Historical Properties and Their Unique Appraisal Approaches Excerpts: Appraising historical properties involves a complex interplay of factors, making it a specialized field within real estate valuation. For many years I appraised in the nearby city of Berkeley, CA. Never use a lending form (such as a 1004) for estate work.

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McKissock

OCTOBER 23, 2020

Others will simply rely on a previous appraisal and call the appraiser to testify about it. Here are twelve types of expert witness assignments for appraisers. How are divorce appraisals different from standard mortgage lending appraisals? Condemnation. Bankruptcy. Income tax (IRS) issues.

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Appraisal Today

AUGUST 25, 2023

On Friday, NAR put out a notice asking appraisal members in the affected areas to alert their non-member colleagues. To read, click here My comments: Appraisers who are MLS members have this access. I have cloud and local external hard drive automated backup updating for all my computers. == Consider non-lender appraisals.

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Appraisal Today

MARCH 15, 2024

It is presented as part of the GSEs “Appraisal Modernization” initiative, which aims to streamline the mortgage appraisal process. These modern labels are often heralded as a cure-all for the perceived inefficiencies and biases of traditional mortgage appraisal processes. This kept appraisers busy.

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Appraisal Today

AUGUST 2, 2024

And, if there were five or more units on the site, it would be something a commercial appraiser would handle via a narrative format. Then, along came accessory dwelling units (ADU), which in some states and cities are messing with established appraisal and lending systems. Ah, the good old days. FHLMC), the VA and FHA.

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Appraisal Today

JUNE 28, 2024

The technology has been drifting into mortgage lending reliance for more than a decade because it has been marketed as having the ease of “pushing a button.” The driver behind this final rule was to eliminate potential bias in valuations by replacing appraisers with AVMS. It has many details and analysis from an experienced appraiser.

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Appraisal Today

OCTOBER 6, 2023

2024 USPAP Source: Appraisal Foundation The 2024 Uniform Standards of Professional Appraisal Practice is now available for purchase in physical and digital formats. This covers all Definitions, Rules, and Standards. It shows a fundamental lack of understanding of what appraisers do.

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Appraisal Today

SEPTEMBER 29, 2023

How to Identify a Single-Family with ADU vs. Two-Family Property By McKissock Excerpts: The presence of an additional living unit can complicate the appraisal process. It may make it difficult for you, the appraiser, to know how to classify the subject property. There were no foreclosure sales needing appraisals!

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Insurance Appraisal Contracts Mortgage 88

Assurance Financial

APRIL 29, 2021

Mortgage Lending Terminology . If you plan to buy a home or refinance an existing mortgage, you’ll likely encounter mortgage loan terms and definitions that may be unfamiliar — especially if you’re buying a house for the first time. Adjustable-Rate Mortgage (ARM).

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Appraisal Today

AUGUST 23, 2024

The client base for appraisal reviews is vast and diverse, encompassing a wide range of sectors and needs. Lenders rely on reviews to ensure the accuracy and reliability of appraisals before making lending decisions. It was my last review for lending purposes. There were 4 electrical meters and lots of cars.

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Appraisal Today

SEPTEMBER 20, 2024

Sale Price Converted $500K Minnesota Bank With Historic Vaults and Bulletproof Glass How AI Tech is Reshaping Appraisal Success From Panic to Profit: One Appraiser’s Story of Survival and Growth Cindy Chance Terminated (Appraisal Institute CEO) Mortgage applications increased 14.2 The author has done it in his business.

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AmeriMac

DECEMBER 15, 2021

That same study revealed that the second appraisals tended to come up at roughly 4% higher than the ones that were originally conducted soon after Fannie Mae took ownership of the homes. Part of the discrepancy here comes by way of how the appraisal process works to begin with.

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AmeriMac

DECEMBER 15, 2021

That same study revealed that the second appraisals tended to come up at roughly 4% higher than the ones that were originally conducted soon after Fannie Mae took ownership of the homes. Part of the discrepancy here comes by way of how the appraisal process works to begin with.

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Appraisal Today

FEBRUARY 17, 2023

What Appraisers Wish Real Estate Agents Understood McKissock Survey Question: “What’s one thing you wish real estate agents knew about the appraisal process? I have confirmed changes at THREE different AMCs: CoreLogic is laying off all W-2 ‘staff’ appraisers, and most of the staff administering those folks.

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Appraisal Today

SEPTEMBER 23, 2022

House Bill 7735 “Improving Access to the VA Home Loan Act of 2022” Excerpts: “The bill will encourage important reforms to the agency’s requirements regarding when an appraisal is necessary, how appraisals are conducted, and who is eligible to conduct an appraisal. Then writing the appraisal from home.

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Clear Capital

SEPTEMBER 29, 2021

It’s also, to be clear, somewhat about revolutionizing and modernizing the appraisal process by enabling property data collection to be performed by non-appraisers. And that that paper is called, “Racial and ethnic valuation gaps in home purchase appraisals.” Jeff Allen. It’s all for the podcast.

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Appraisal Today

SEPTEMBER 9, 2022

The date of value can be a legal issue and the appraiser should not be the one accepting responsibility for whether the date of value is correct for whatever the use is (such as an estate tax return). Keep the definition of intended users as narrow as possible. Doing so potentially expands your liability to all those parties.

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Appraisal Today

JANUARY 5, 2024

I suppose it is because most appraisals are done (now) for residential lending purposes. 2024 USPAP For Appraisers Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!!

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Appraisal Today

NOVEMBER 22, 2024

The conversation focused on the limitations of Automated Valuation Models (AVMs) and emphasized the necessity of qualified appraisers in property valuation; specifically for all purchase transactions. Remember what it was like during the crash after 2008, when there were very few loans and appraisal volume severely declined?

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AmeriMac

FEBRUARY 15, 2025

Understanding Appraisal Management Companies (AMCs) Appraisal Management Companies (AMCs) play a crucial role in real estate by coordinating the appraisal process among appraisers, lenders, and consumers. This led to the growth of the AMC industry, now essential for mortgage lending practices nationwide.

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