Annarbor Appraisal

SEPTEMBER 6, 2020

Challenging the results of the appraisal for mortgage financing. Even though the consumer may pay for the appraisal, they are no more the client than is the credit reporting agency or title company hired directly by the lender. There should never be any bias in favor of any party, or value.

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Mortgage Appraisal Appraisal Mortgage Reconsideration of Value 78

Portland Appraisal Blog

APRIL 14, 2019

There has been a meeting of the minds, the contract has been signed and everyone is anticipating a smooth closing. Streaking through the atmosphere is a meteor scientists have dubbed “the appraisal”; it came of out nowhere and impacts your deal at hypersonic velocity, obliterating it in an instance. There must be some mistake.

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Appraisal Reconsideration of Value Agents Market Value 78

Birmingham Appraisal

SEPTEMBER 15, 2022

What New Homebuyers Need To Know About Appraisals. In this new homebuyer’s guide to appraisals, I’ll help you understand the process during your first home purchase. I would like to do my part by informing and educating you on the appraisal part of the transaction. What is a Mortgage Appraisal?

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Appraisal Inspection Appraisal Process Real Estate Agent 96

Appraisal Today

JULY 26, 2024

Appraisal Insights With Freddie Mac by Scott Reuter, Freddie Mac One of the goals at Freddie Mac is to help lead the way toward a more transparent and equitable housing finance process. Market Conditions Analysis Market conditions analysis is the backbone of an appraisal. It’s a necessary step in developing credible reports.

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Appraisal Valuation Reconsideration of Value Contracts 81

Birmingham Appraisal

JUNE 13, 2023

Appraisal Tips For Real Estate Agents As a real estate appraiser with over 30 years of experience, I have seen many changes and challenges in the appraisal profession and the real estate market. I believe that appraisers and agents have a common goal: to help their clients buy or sell a home.

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Real Estate Agent Real Estate Agents Reconsideration of Value 84

Appraisal Today

AUGUST 9, 2024

Market Value and Appraised Value: Exploring Various Appraisal Values By Jo Traut Excerpts: You’ve probably been asked about the difference between “market value and appraised value” by clients seeking a mortgage. We don’t provide an appraised value of a property.

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Appraisal Reconsideration of Value Insurance Market Value 67

McKissock

JANUARY 8, 2021

The VA has a unique set of protocols, known as the Tidewater Initiative, that a VA appraiser must follow when he or she expects the appraised value of a property is going to be lower than its contract price. Take a deep dive into VA appraisals with our new CE course: Appraising for the VA.

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Appraisal Reconsideration of Value Contracts Appraisal Process 59

Appraisal Today

APRIL 5, 2024

Why an Organized Workfile is Your Best Defense By Craig Capilla Excerpts: We all know that the Uniform Standards of Professional Appraisal Practice (USPAP) set the baseline for what must be included in a workfile. Still, all too many appraisers seek only to meet that minimum standard and little more. Newer appraisers are lucky.

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Appraisal Contracts Business Construction 77

Appraisal Today

OCTOBER 18, 2024

October 18, 2024 What’s in This Newsletter (In Order, Scroll Down) Avoiding Court: A Common Sentiment Among Appraisers By Claudia Gaglione, Esq., By Ryan Lundquist Choosing the Right Appraisal Management Companies (AMCs): A Guide for Appraisers Mortgage applications decreased 17.0

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Appraisal Reconsideration of Value Insurance Contracts 63

Appraisal Today

JULY 12, 2024

Valuing Appraiser Professionalism: A Blueprint for Survival By Jo Traut, McKissock Learning Excerpts: Having spent nearly three decades in the field of real estate appraisal, I’ve witnessed firsthand the evolution of our profession, particularly with respect to technological advancements.

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McKissock

JANUARY 8, 2021

The VA has a unique set of protocols, known as the Tidewater Initiative, that a VA appraiser must follow when he or she expects the appraised value of a property is going to be lower than its contract price. Take a deep dive into VA appraisals with our new CE course: Appraising for the VA.

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Appraisal Reconsideration of Value Contracts Appraisal Process 52

Appraisal Today

APRIL 7, 2023

AMCs Assuring that the appraiser has the correct contact information for an inspection is very important. Communicating quickly with the lender is an issue with the appraisal process. I don’t see much written about appraisers and emails. I have always had a landline for business calls and a cell phone for personal calls.

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Appraisal Property Taxes Reconsideration of Value Contracts 52

Appraisal Today

NOVEMBER 4, 2022

Appraisers Share Their Best Tips for Working with AMCs. Appraisers tend to get annoyed with constant emails from the AMC about inspection date, completion, report submission, etc. My comments: Read this blog post with practical tips from practicing appraisers. Practical real estate appraisal writing tips for AMC questions.

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Reconsideration of Value Appraisal Inspection Advertising 52

Appraisal Today

FEBRUARY 23, 2024

I quit making dollar adjustments on form appraisals many years ago, but I always do market conditions adjustments when needed. I appraise a lot of 2-4 units and regularly go to other neighborhoods for comps. I do a lot of estate appraisals, which are not current value. Isn’t appraising boring? baths, 12,770 sq.ft.,

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Appraisal Real Estate Contracts Reconsideration of Value 68

Housing Wire

NOVEMBER 30, 2021

And the appraisal process is no exception. After a summer filled with overwhelming demand and too little appraisal capacity, which increased loan costs and time to close, there is finally light appearing at the end of the tunnel. The appraisal gap for properties in Latino neighborhoods can be even worse, going as high as 9.4%.

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Appraisal Process Modernization Appraisal Valuation 432

Appraisal Today

SEPTEMBER 9, 2022

Excerpts: Suggested protocols for responding to Reconsideration of Value requests. Appraisers are still required to comply with USPAP when responding to an ROV request, including the confidential nature of assignment results. My comments : ROVs are a PITA for many appraisers. Reconsideration of Appraised Value.

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Reconsideration of Value Appraisal Clients Contracts 52

Appraisal Today

MAY 24, 2024

8 Common Violations Made by Appraisers By Dan Bradley When it comes to appraisal non-compliance with USPAP, certain violations are, unfortunately, somewhat common… I have compiled this list based on many years of personal experience as a reviewer and a state regulator, as well as feedback I have received from other states’ enforcement agencies.

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Appraisal Contracts Mortgage Reconsideration of Value 81

Housing Wire

OCTOBER 24, 2024

Handling a below-contract appraisal and request for reconsideration of value (ROV). Understanding exemptions to first-generation eligibility rules, such as heir’s property, undeveloped land, mobile homes, etc. Anticipating issues regarding rate lock and/or mortgage contingency expirations.

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Training Mortgage Reconsideration of Value Architecture 365

Housing Wire

DECEMBER 23, 2024

In October, the Department of Justice (DOJ) made headlines when they sued Rocket Mortgage for housing discrimination in the form of exhibiting alleged appraisal bias. Linking the nations largest home lender to the actions of an independent appraiser may have been an effective way to garner national attention, but it raises many concerns.

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