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Fannie Mae: Appraisals are no longer the default option

Housing Wire

“We are on a journey of continuous improvement to make the home valuation process more efficient and accurate. As such, we are transitioning to a range of options to establish a property’s market value, with the option matching the risk of the collateral and the loan transaction,” Fannie Mae states in its release.

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Navigating the Appraisal Process – What You Need to Know

Simonson Real Estate

While commercial appraisals are a central part of evaluating real estate, the appraisal process itself can be frustrating and confusing – primarily since each assessment depends on the scope and nature of the specific property. Key Appraisal Items to Communicate. Helpful Items to Provide for the Appraisal.

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Supporting Market Conditions Adjustments: A Comprehensive Guide for Appraisers

Appraisal Buzz

Below is a detailed explanation of each technique to ensure the adjustments are well-supported and align with market trends. The goal is to make sure every adjustment is defensible, based on empirical evidence, and can withstand scrutiny from all stakeholders involved in the appraisal process.

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Unwrapping what to expect in your home inspection, appraisal and closing

Housing Wire

Home inspections provide valuable information that can make or break your decision to purchase a home, as well as help you plan for future improvements. An appraisal is a valuation of a property by a third party. For example, an appraiser will check the condition of the walls, roof, floors and the structure’s overall integrity.

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Opinion: The pros and cons of VA modernization bill

Housing Wire

When it comes to offering an opinion of ‘good or bad’ on HR 7735 — the VA modernization bill — and its ultimate ability to create a better appraisal process for veteran and active duty borrowers, it’s simply too early to tell with too little information being shared on exactly what changes we should expect. A fundamental change.

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Are Appraisals Public Record?

Realvals

Home appraisals are never publicly available and are only shared with the appraiser’s client and authorized parties. This means that the general public cannot access your home’s appraisal report without permission first. The confidential nature of appraisals protects the privacy of those involved in the transaction.

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FHFA’s RFI on appraisals is a critical inflection point

Housing Wire

Navigating appraisal challenges in today’s housing market. HousingWire recently spoke with PCV Murcor Founder, President and CEO Keith Murray, and COO Cindy Nasser on how the appraisal process can be streamlined in today’s tight housing market. And appraisal waivers would be informed, not blind.

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