Housing Wire

DECEMBER 13, 2024

I definitely believe that the legal environment is still there and theres a lot going on, but it is really critical that we focus on … helping our agents grow, helping our affiliates grow and focusing back on business in the coming year, Yannaccone said. But that isnt what she wants her firm to focus on in the year ahead.

Legal 370

Legal Brokerage Real Estate Agents 370

Housing Wire

DECEMBER 27, 2023

With its four largest firms all at least 100 years old, the title insurance industry has a bit of a reputation for being antiquated and technology averse. “I For example, when a title company receives a Purchase & Sale contract via email, AI can help grab key information and queue up a transaction with pre-populated data for review.”

Technology 468

Technology Business Insurance Development 468

Housing Wire

MARCH 23, 2023

Credit contraction and warehouse lending The threat to the integrity of the banking system if panic becomes widespread is one of the reasons central banks globally as well as U.S. I think there is a there’s definitely a credit contraction,” he said. You need help. It’s just a matter of to what degree.

Lending 448

Lending Investing Insurance Mortgage 448

Housing Wire

MARCH 7, 2022

A deed transfer often includes the new owner ensuring they are the property holder through title insurance. between signing a contract to buy a home and purchase closing is 50 days, according to a September 2021 report from ICE Mortgage Technology. But not a single Florida title company would touch the Gulfport sale. “A

Real Estate 501

Real Estate Law Inspection Agents 501

Housing Wire

JUNE 15, 2022

“Rates are materially, definitely increasing faster than we were anticipating,” Saket Nigam, senior vice president of capital markets at Spring EQ , a home equity lender, said. The lender expects to turn a profit this year by reducing costs upwards of 30% through a renegotiation of worker contracts, but not through layoffs.

Mortgage 397

Mortgage Investors Clients Marketing 397

Cleveland Appraisal Blog

JUNE 18, 2022

This is why eminent domain appraisers often work closely with eminent domain attorneys to insure that these important concepts are fully understood and applied properly. During much of this time, Leslie served as the Colorado member of OCA and wrote the definitive textbook on Eminent Domain Law in Colorado. Too many appraisers?

Appraisal 312

Appraisal Law Development Valuation 312

Appraisal Today

NOVEMBER 8, 2024

Definitely the best practical appraisal advice I have read on new URAR. Weathering the Insurance Crisis: With Peter Carroll of CoreLogic, Ethan Aumann of APCIA, and Don White of PennyMac Market Outlook with Mike Fratantoni, Ph.D., The Selling Guide is being updated to include these new definitions in the Glossary.

Appraisal 77

Appraisal Contracts Modernization Clients 77

The Robert Weiler Company

APRIL 15, 2022

A more established company might choose a commercial space to lease because the contract offers more security over the long term. A commercial lease is a legally binding contract that details the relationship between a tenant and a landlord. Indemnity and Insurance. What does it mean to rent commercial space? Damage to Premises.

Tenants 144

Tenants Landlords Property Taxes Real Estate 144

Miller Samuel

MARCH 19, 2019

January: The closing of the $238,000,000 Manhattan condo sale in January (2015 contract). That definition does not sound like a primary residence to me. November: Control of the New York State Senate flipped. February: The withdrawal of Amazon from the LIC deal after well-coordinated political pushback.

Real Estate 370

Real Estate Law Development Investors 370

Listing Spark

FEBRUARY 6, 2023

Episode Summary In this episode, Aaron Jistel (Broker and Co-Founder at ListingSpark) focuses on how recent changes to Texas Real Estate Commission’s contracts and documents may affect home sellers and buyers. And so they put a little bit of a more defined definition of what cash needs.

Contracts 36

Contracts Real Estate Sellers Buyers 36

D Fritz Appraisals

FEBRUARY 22, 2023

This article will discuss the definition of home equity and taking equity out of your home to buy another house in Canada. This makes it ideal for ongoing projects but may come with higher interest rates than other borrowing forms of borrowing so make sure you understand all the details before signing any contracts.

Investing 129

Investing Real Estate Appraisal Market Value 129

Appraisal Today

JUNE 7, 2024

NOTE: Please scroll down to read the other topics in this long blog post on state appraisal boards, liability, appraiser insurance, price per sq.ft. Click here = Do I really have to report that state board issue to my E&O insurance? I have been following CEO Cyndi Chance since she started working for AI. baths, 8,74t sq.ft.,

Appraisal 74

Appraisal Insurance Contracts Business 74

McKissock

JULY 26, 2022

Property insurance. While there may or may not be a definitive time limit in each state (such as 24 hours), it is in everyone’s best interest to submit the offer as soon as possible. Regardless of the strengths and weaknesses of the competing offers, the seller can only negotiate one offer at a time until there is a binding contract.

Real Estate 81

Real Estate Counter Offer Inspection Buyers 81

Appraisal Today

AUGUST 9, 2024

Understanding Market Value Market value is the most frequently sought value in real property appraisals and can have various definitions. Types of Value (Partial List) Assessed Value Investment Value Insurable Value Value in Use Book Value Intangible Value To read more, Click Here My Comments: Read this article! Income replacement.

Appraisal 70

Appraisal Reconsideration of Value Insurance Market Value 70

Listing Spark

DECEMBER 9, 2020

It is more than likely that if you are selling a residential home in Texas the buyer is going to ask you (home seller) to pay for the title insurance policy. The title insurance premium is set by the Texas Department of Insurance and will be the exact same at any title company you choose.

Sellers 69

Sellers HOA Insurance Contracts 69

McKissock

APRIL 20, 2021

Receive basic training in contracts and how to price properties using comparative marketing analysis. Meet with/learn from service providers such as loan officers, title companies, attorneys, home warranty, and insurance companies. Set clear expectations upfront about your availability. Work with a coach to map out your business.

Real Estate Agent 98

Real Estate Agent Real Estate Agents Realtors 98

Appraisal Today

SEPTEMBER 29, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, VA, flood and fires no insurance, retirement, few lender appraisals, unusual homes, mortgage origination $22M Modern Mansion on 130 Acres in Napa Has Its Own Cabernet Vineyard Excerpts: 6 bedrooms, 6.5+ Risk to Home Values.

Insurance 83

Insurance Appraisal Contracts Mortgage 83

Raleigh Realty

AUGUST 10, 2021

Respite services are charged by the area and are generally not covered by insurance programs, however, Medicare and Medicaid may help cover some of the finances. Social Security Disability Insurance (SSDI) - Provides workers younger than 65 with Social Security Disability. Paying for Care So how will you pay for their needs?

Insurance 78

Insurance Real Estate Government Real Estate Agent 78

Appraisal Today

OCTOBER 13, 2023

However, based on the definition of misleading in the prior version of USPAP, many appraisers were concerned they could be disciplined for minor, unintentional reporting errors. In response to these concerns, the ASB retired this definition from USPAP for 2024. That is the Question!! can add up. What are your total annual fixed costs?

Appraisal 84

Appraisal Law Contracts Business 84

Appraisal Today

FEBRUARY 9, 2024

to provide a specific definition, which includes: Refrigerators Ranges/ovens Dishwashers Garbage disposals Microwaves Washers and dryers It’s important to note this does not include garage door openers, swimming pool pumps, intercoms, sound systems, and security systems. How does the FHA define appliances? By Daniel A. percent from 13.3

Appraisal 84

Appraisal Contracts Insurance Construction 84

Appraisal Today

JUNE 14, 2024

Likewise, HUD will not issue FHA mortgage insurance on a pre-1976 mobile home. However, they are definitely more affordable housing, which is a very hot topic now. Click here = 2024 Annual E and O Insurance Update – Claims, Payment Options, Lawsuits, etc. What if you can’t afford your E&O policy now?

Appraisal 76

Appraisal Sellers Contracts Insurance 76

Appraisal Today

OCTOBER 18, 2024

Click here ——————————————————————————————— How much insurance do you need? Insurance is financial risk management. Don’t overpay or over-insure.

Appraisal 66

Appraisal Reconsideration of Value Insurance Contracts 66

Appraisal Today

MAY 10, 2024

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). To read the Fannie document, Click Here My comments: What will happen to owners and buyers who cannot get insurance or whose costs will go way up? What is happening in your market?

Reconsideration of Value 77

Reconsideration of Value Appraisal Real Estate Insurance 77

Appraisal Today

JULY 26, 2024

As might be expected, most of the issues for reported condition fall between the definitional lines of C3 to C4 and C4 to C5. Climate change is largely responsible for the uptick in events, says Anne Cope, who studies tornadoes and is the chief engineer for the nonprofit Insurance Institute for Business & Home Safety.

Appraisal 85

Appraisal Valuation Reconsideration of Value Contracts 85

Appraisal Today

AUGUST 23, 2024

Insurance companies use them for verifying property values in underwriting and claims. To read more, Click Here My comment: This is definitely affecting some local real estate markets with homes being rented instead of available for sale. The average contract interest rate for 15-year fixed-rate mortgages increased to 6.04

Appraisal 71

Appraisal Contracts Investors Property Appraisal 71

Appraisal Today

SEPTEMBER 22, 2023

They should definitely not be paid the same. If I was doing non-AMC lender appraisals now, I would definitely prefer the online appraisal setup. At the current mortgage rate, and with a 20% down payment, homes priced at $250,000 will have a typical monthly payment of around $1,358, before property taxes and home insurance costs.

Appraisal 90

Appraisal Training Inspection Real Estate 90

Appraisal Today

FEBRUARY 16, 2024

There were definitely adjustments for homes built by famous, widely known, architects. Keep the definition of intended users as narrow as possible. Keep your definition of intended use as narrow as possible to describe how your appraisal will be used by your client. Worth reading. A good summary. percent from 6.80

Appraisal 84

Appraisal Contracts Training Architecture 84

Appraisal Today

OCTOBER 21, 2022

Until we get past this period over the next few months it may be hard to say definitively what is exactly happening. Check with your E&O insurance company to see if they offer tail coverage and what the requirements are. Must be insured by the company for the past 5 consecutive years. So, what metrics are worth watching?

Appraisal 52

Appraisal Marketing Contracts Insurance 52

Appraisal Today

AUGUST 2, 2024

And when FNMA won’t buy (or VA and FHA insure) a loan from a lender it results in fewer lenders offering loans, higher interest rates and possibly larger down payments. Also, business is slow, so now is an excellent time to review your insurance needs. The average contract interest rate for 15-year fixed-rate mortgages increased to 6.27

Appraisal 77

Appraisal Valuation Law Contracts 77

Appraisal Today

MARCH 22, 2024

It can impact home values, insurance costs, and the overall stability of a housing market.” “The The issues are whether you can get access to affordable insurance and how much the costs will increase,” says Xu. This definitely increased the development costs in the new construction, resulting in higher home prices.

Appraisal 69

Appraisal Contracts Business Insurance 69

Appraisal Today

MARCH 15, 2024

And, is it yet one more question about the validity of the accepted (quasi-governmental) official ‘definition of value,’ where buyer’s price equals loan value? And, is it yet one more question about the validity of the accepted (quasi-governmental) official ‘definition of value,’ where buyer’s price equals loan value? percent from 7.02

Appraisal 72

Appraisal Inspection Modernization Business 72

Appraisal Today

OCTOBER 14, 2022

My comments: Definitely a Luxury Home! ==. Lenders want fire insurance for all mortgage loans. What if there is no insurance available, very limited coverage, or only very expensive insurance? Or insurance problems for flooding, hurricanes, or other natural disasters. Many residents don’t have flood insurance.

Appraisal 52

Appraisal Insurance Real Estate Business 52

Appraisal Today

SEPTEMBER 13, 2024

OPTION #1: Ignore the call or letter OPTION #2: Handle the situation on your own OPTION #3: Contact your E&O insurer for advice and guidance Neither Option #1 nor Option #2 is a good approach to take in this situation. You would have to disclose any claim on your next renewal application, so your insurer is going to find out about it.

Construction 74

Construction Appraisal Contracts Mortgage 74

Appraisal Today

NOVEMBER 3, 2023

Definitive numbers are difficult to come by since the Department of Housing and Urban Development (HUD) has failed to respond to public record requests on this question. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 7.86 percent from 7.90

Appraisal 62

Appraisal Contracts Architecture Mortgage 62

Listing Spark

NOVEMBER 11, 2022

Here is the information you will need to get from unrepresented buyers in order to complete the contracts: Sales price. Who is agreeing to pay for title insurance? There is more information needed once you have the contracts themselves. This should allow you to move on to the next phase of preparing a written contract.

Realtors 36

Realtors Contracts HOA Sellers 36

Appraisal Today

MAY 26, 2023

Conservation easement appraisals are a definite risk for appraisers. Some appraisers feel that lenders should not provide them with the purchase and sale contract. Then that contract does not serve to color, cloud, or otherwise bias a value opinion. Over time, many have been significantly over-valued per the IRS. percent from 6.57

Easement 52

Easement Contracts Appraisal Inspection 52

Appraisal Today

SEPTEMBER 17, 2022

I definitely need to add some of the items to my car, especially dog repellent, which is not on the list. Many homes were re-zoned a few years ago and needed flood insurance. At a big meeting, the primary issue was where to get a surveyor to say that my home was high enough not to require flood insurance. percent from 5.94

Appraisal 52

Appraisal Construction Contracts Insurance 52