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The Pitfalls of Outlier Sales in Pricing a Listing

Birmingham Appraisal

Inconsistent Results Outlier sales are, by definition, inconsistent with the majority of transactions in a market. Legal Implications If a buyer or seller relies on an inflated outlier-based list price to make a significant financial decision and later faces financial hardships as a result, they may pursue legal action.

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Getting Appraisers to Reconsider Value—Do’s & Don’ts

Portland Appraisal Blog

Which is a legal no-no.). Most loans will fall under federal guidelines and use a definition for market value found on the form report workhorse of the appraisal world—the Fannie Mae 1004 Form. Recap #2: Do: Use a “most probable price” definition of market value. 4) “Bracketing” of most major features. (No

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The title insurance industry prepares for battle

Housing Wire

HELOCs were definitely out there, but what is happening now is that you are seeing lenders that hadn’t really been pushing it as a main product line before and now all of a sudden you go to their website and it is the first thing you see,” she said. “For The second largest age bracket was 35-44 at 19%.

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