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Dear representative, waiving/eliminating propertyappraisal for lending purposes is wanton recklessness. Fannie Mae’s decision to waive/eliminate propertyappraisal for lending purposes is nothing more than wanton recklessness that could have serious repercussions in the future. No appraisal may be required in the future!
The opposing side in one of the cases required that a new valuation be completed by a state-certified appraiser. In the other case, my client’s attorney recommended having their marital propertyappraised. But the owner felt that a real estate agent could do the same type of valuation as an appraiser.
The Federal Housing Finance Agency (FHFA) is the latest stakeholder to examine how racial bias may creep into property valuations. It’s unclear whether the inclusion of references to race in appraisal reports reveals bias in the valuation process or introduces it.
With the massive amount of technology available to anyone who can access the internet, you might wonder why bother getting a real propertyappraisal? Isn’t that all that appraisers do? Slap a few sales in a report, and make a few guesstimate adjustments to come up with their opinion of a property’s value?
Understanding the depth, quality of the water, and type of shoreline is crucial, as these elements directly influence the property’s usability, aesthetics, and long-term stability. The importance of these factors cannot be overstated, and they deserve careful consideration in every waterfront propertyappraisal.
Dear representative, waiving/eliminating propertyappraisal for lending purposes is wanton recklessness. The fact is, Fannie… House Measurement by Property Data Collector Gone Wrong The lender allowed an unlicensed property data collector give bad data to the appraiser.
Her experience as a licensed real propertyappraiser in West Virginia turned out to be the perfect training ground for the study of public corruption, restraint of trade and government overreach. The post Exposing Occupational Licensing Abuses Nationwide appeared on AppraisersBlogs. Who would have thought it?
The following is taken right out of the new exposure draft on real propertyappraiser qualifications criteria. and Bias Training.other states will also modify their appraisal license renewal CE class requirements to include some form of anti-bias training. The core goal is to. Related Posts: Truisms - Taxes, Death.
Choose from live stream appraisal licensing courses (engage with instructors in real time!) Next, work under a certified appraiser to gain supervised training experience. Real propertyappraiser qualification criteria*. * ??Hours Step 3: Upgrade your appraisal license. Want to contribute to our blog?
Let our experienced certified Virginia appraisal experts be the premier source of home appraisal knowledge for your market. During this demonstration, our real estate appraisers will walk you through a residential property tour discussing; ANSI measurement and square footage requirements.
Let our experienced certified Virginia appraisal experts be the premier source of home appraisal knowledge for your market. Matt and his team have been invited to host an information-packed interactive training session that brings the nuts and bolts of residential propertyappraisal right to your fingertips.
An appraisal review is a second opinion or added insurance for the transaction to ensure the purchase price history, comps, adjustments, and disclaimers are accurate. Essentially, the commercial appraisal reviewer must confirm the report is acceptable, meets standards, and the appraiser had no interest in the propertyappraised.
Vehmeier, Appraisal Educator Emeritus, shares his insights into appraising small income properties. The topic of this blog is two-to-four unit residential income properties. How to begin when appraising small income properties. Importance of proper training.
.” “Review appraisal will be a large part of the appraisal field.” ” “I am 64 years old and have a bad back, I enjoy appraising too much to retire and think that doing review work is something I can do while continuing to train the next generation of appraisers.” Other (19%).
. ———————————————— Appraisal/Appraiser Bias Accusations Per a recent appraisersblogs post: removal of all appraisal bias propaganda from the official whitehouse.gov website. I was trained at an assessors office.
Blog post: 7 Best Time-Saving Hacks for Appraisers. If you operate as an independent real estate appraiser, you know that time is money. Are you looking for new ways to increase your efficiency as a propertyappraiser? Blog post: 6 Appraisal Software Tools to Streamline Your Process. Sign up now.
Homeowners, Don’t Make These Appraisal Mistakes When Selling Your Home As a real estate appraiser, I have seen many mistakes that sellers make during the appraisal process. These mistakes can significantly impact the value of a property and even lead to an appraisal being lower than the contract price.
They included appraisers, real estate agents, and someone with a week, a month, or online video training. On a more positive side, I have done thousands of drive by appraisals since 1986. Most of the inspection training we receive as appraisers happens in the field. That was my training.
Time management challenges are a big issue for many propertyappraisers. Your income depends on how many appraisal assignments you can complete each month and each year—and you need time to produce each report. Last month we asked appraisers, “What’s one thing you wish you could STOP doing to save time in your workday?”
I was first trained as a scientist, starting with my high school biology class. I have always been a professional appraiser since I started in 1975, trained at an assessor’s office to do what is in this article. I hate the word “industry” when applied to appraisers. After graduation, I worked in labs for 7 years.
Excerpts: The AQB previously considered the option of allowing parallel professional non-appraisal experience. I don’t know if Realtors can be re-trained to see value rather than price. I speak with a lot of Realtors and many are not oriented the same as appraisers. To read the letter (PDF), click here. They provide CMAs, etc.,
Do your research and find out if there are easy access to trains, buses, and airports, as well as major roads and freeways. Consider the quality of life issues when conducting your commercial property search in Columbus, Ohio. These are all important issues that will surely contribute to the property’s overall quality and desirability.
4 Myths About Property Data Collection By McKissock Excerpts: Myth #1: PDC is the same thing as propertyappraisal As a professional appraiser, you know very well that what a property data collector does is not the same as what you do — even if your clients don’t always understand the difference.
When I have free time now, I love to spin, weight train, do pilates, and take long walks. The post Featured Team Member: Donna Goldstein appeared first on Magnusson Group | Estate Sale | Personal PropertyAppraisal | NJ. I am a fitness enthusiast. My latest passion is pickleball. So much fun!
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. A certified appraiser can provide an opinion of value for office buildings.
At some point, you may need to have a commercial real estate appraisal done as it plays a critical role in many aspects of the commercial real estate industry. In this blog, we will cover what a commercial real estate appraisal is, how it differs from residential appraisals and the different types of commercial real estate appraisals.
They provide a variety of commercial valuation services specializing in multi-family, mixed-use, industrial, commercial, new construction, and land propertyappraisal services and have recently diversified into one- to four-family residential appraisal services. It was time to partner with a company focused on technology.
Introduction Understanding how home appraisals work is crucial when buying or selling a home. Conducted by a licensed appraiser , the appraisal plays a critical role in the mortgage process by determining the loan amount your lender will offer. Who Performs Home Appraisals and Why?
First: How do appraisers value any amenity of a property? Appraisal 101 would suggest the matched pairs analysis. So our first task is to find a property with solar panels that’s similar to the subject. To read more, click here My comments: All appraisers are asked to do the “tough ones.
In the past year, the appraisal industry has been under attack from various academics who claim “racial bias” on the part of real propertyappraisers providing appraisal services to lenders who provide home mortgages. On January 4, 2021, the… The post Racial Bias in Real Estate: Is it the Appraisers’ Fault?
NOTE: Please scroll down to read the other topics in this long blog post on AVMs and AI, good appraisal book, Real estate market, Fannie, non-lender appraisals, unusual homes, mortgage origination stats, etc. These algorithmic valuations replace trained human appraisers with knowledge of local real estate markets.
The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. Still, there are some kinks to work out of third-party property data collection, which Christensen described as the “Wild West.”.
Unique Properties, Rocket Mortgage Sues HUD, Trump Shifts in Housing Market? December 13, 2024 Whats in This Newsletter (In Order, Scroll Down) LIA ad – Each appraisal is unique The Ultimate Guide to Unique PropertyAppraisals Americas Most Expensive Property Is Sitting in a Flood ZoneWill Anyone Buy the $295 Million Estate?
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