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White House marks one year of PAVE appraisal bias action plan

Housing Wire

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. FHFA, along with HUD, [the U.S. Department of Agriculture (USDA) and the U.S.

Appraisal 397
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PAVE Task Force Releases Recommendations to Promote Valuation Equity

McKissock

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.” Define metrics that can help to identify and measure patterns of mis-valuation in the property valuation process.

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Consider These Factors When Choosing a Real Estate Appraiser

East Coast Appraisal

The appraisal process is critical to real estate transactions. 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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Commercial Appraisal: Understanding the Basics

AmeriMac

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. The property inspection is a crucial step in the commercial appraisal process.

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What is a Commercial Real Estate Appraisal?

AmeriMac

Individual investors may employ the sales comparison approach to establish an asking price for a property. When it comes to qualifications, commercial appraisers undergo additional training and require more experience than residential appraisers in order to obtain these credentials.

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Opinion: The path to modernizing the appraisal process

Housing Wire

Regardless of the size or complexity of a system or process, it is time to look at whether the impact it has on people is equitable. And the appraisal process is no exception. of the properties in Black neighborhoods receive appraisal values lower than the contract price versus 7.4% All people.

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Understanding desktop appraisals and how to use them for home valuations

Clear Capital

The mortgage industry is on its way to modernizing the appraisal process. In early February, Fannie Mae and Freddie Mac, the government-sponsored entities (GSEs), incorporated desktop appraisals into their Selling Guides beginning in March 2022. What are some of the benefits of desktop appraisals?