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What it’s like originating reverse mortgages in Montana

Housing Wire

You also get a lot of spec homes on dirt roads with private road easements and no recorded road agreement, which can create issues.” I definitely agree it’s a product that should have a lot more upside,” DeWolf said. “I Like Larson, DeWolf runs into challenges with finding comparables in rural parts of the state.

Mortgage 411
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FHA: Cosmetic vs. MPR Repairs

Appraisal Today

In 2007, he started appraising conservation easements, which are specified areas of land earmarked for environmental conservation. Owners with conservation easements can claim an income tax deduction. Conservation easement appraisals are a definite risk for appraisers. They are not easy to do.

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Are Appraisers Professionals?

Appraisal Today

Integrity Remain steadfast in your commitments, stay true to your word, and uphold your principles, even if this requires declining an appraisal assignment or future work with a client or their agent. Before delivering work to clients, conduct a thorough review to mitigate potential errors.

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Appraisers: How and Why To Check Carbon Monoxide Detectors

Appraisal Today

Bunzel was also able to provide some helpful tips for appraisers as far as how to communicate with their clients about CO detectors. For example, Bunzel says that appraisers and home inspectors should make it clear to their clients that they do not warranty if the device is working, just that it is there.

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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

I have never done an “official” ROV for a lender, but I did not like any lender clients objecting to my values. On a side note, I’m definitely noticing some familiar agents listing bank-owned homes right now (mostly people who were big REO agents back in the day). In many cases, it’s about a personal financial situation.

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Appraisals and Water Frontage

Appraisal Today

The canal was owned by the state with an unclear easement for building beyond the rear lot line. My comment: Definitely use CubiCasa for measuring ;> 6121-08106624 © Masterfile Royalty-Free Model Release: Yes Property Release: No Businessman working in office, Leipzig, Saxony, Germany. To read more, click here.