Housing Wire

MARCH 7, 2022

The NFT representing ownership of an LLC representing ownership of a house is 100% legally meaningless. 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 that is different from the legal enforceability of property rights or promissory notes.

Real Estate 501

Real Estate Law Inspection Agents 501

Housing Wire

JANUARY 9, 2025

In this article, well cover the definition of a pocket listing, the pros and cons for both agents and sellers, and how to transact off-market legally and ethically. This could translate to a higher commission, depending on how your contract with the seller is written. Are pocket listings legal and ethical?

Sellers 397

Sellers Real Estate Agents Real Estate Agent 397

Housing Wire

MAY 23, 2023

In other words, independent mortgage banks (IMBs) acting as buyers in M&A deals are being asked to assume the future R&W liabilities for past loans sold to Fannie Mae by the seller should the seller, at some point, be unable to honor the terms of the contracts.

Buyers 418

Buyers Sellers Finance Contracts 418

Housing Wire

MARCH 15, 2024

According to VanFossen, that’s a “definite potential outcome that a lot of mortgage lenders are looking at, legally and in a compliant manner,” including Absolute Home Mortgage, which is doing tests with this dual-licensing structure.

Buyers 514

Buyers Agents Mortgage Real Estate Agent 514

The Robert Weiler Company

SEPTEMBER 19, 2022

Answering this question requires step-by-step unpackaging, starting with definitional awareness, and continuing with tax advantages, regulations, and conservation easement appraisal value. A simple conservation easement definition is a legal contract to protect private land, permanently. Legally Binding.

Easement 148

Easement Legal Government Contracts 148

Cleveland Appraisal Blog

JUNE 18, 2022

During much of this time, Leslie served as the Colorado member of OCA and wrote the definitive textbook on Eminent Domain Law in Colorado. USPAP and the Contract – Tim Andersen, The Appraiser’s Advocate Podcast. Recession-Proof Your Money Part 2 – It’s a Good Life Podcast with Brian Buffini. Too many appraisers?

Appraisal 312

Appraisal Law Development Valuation 312

McKissock

MARCH 2, 2021

Here are five excellent resources offered by McKissock Learning—including a Pro-Series webinar on Wednesday, March 17, 2021, “ The Market Value Doesn’t Support the Contract Price, Now What? ”. Webinar: The Market Value Doesn’t Support the Contract Price, Now What? Sign up now. Blog post: 9 Ways to Handle Appraisal Pressure.

Appraisal 103

Appraisal Contracts Market Value Clients 103

Lamacchia Realty

MAY 6, 2024

This agreement is a binding contract that outlines the rights and obligations of the buyer and seller during the whole buying process. Their job is to pay close attention to every detail to make sure the agreement i ncludes all the legal requirements. This search determines if the seller has the legal right to sell the property.

Real Estate 74

Real Estate Legal Law Contracts 74

The Robert Weiler Company

MAY 14, 2021

The following guide walks readers through all the definitional terms involved in the estate planning and real estate appraisal process (also referred to as an appraisal for estate planning purposes) and how best to prepare when, eventually, we will all boldly leave this Earth. How Are Real Estate Appraisals Related to Estate Planning?

Real Estate 133

Real Estate Appraisal Legal Valuation 133

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. If you said you are going to impose a special surcharge on apartments that are worth more than $20 million, that would be perfectly legal,” said Peter L.

Real Estate 370

Real Estate Law Development Investors 370

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. However, refinancing will also incur additional closing costs, such as appraisal fees and legal expenses, which the borrower should consider before making a decision. What Is Home Equity?

Investing 129

Investing Real Estate Appraisal Market Value 129

Appraisal Today

FEBRUARY 28, 2025

Real estate appraising is a complex practice that requires a diverse range of skills and knowledge, from understanding current market conditions to understanding and interpreting complex legal and financial documents. Regardless of the definition, neither tends to succeed by marketing to their customers based only on speed of services.

Appraisal 55

Appraisal Real Estate Contracts Training 55

The Robert Weiler Company

APRIL 20, 2021

The process, however, is much less straightforward than the definition. Let’s unpack the definition of tangible assets and intangible assets. These clauses usually have to be worked out with the assistance of an attorney, to ensure that they are legally correct. So, how are businesses valued? Scratching your head?

Valuation 147

Valuation Business Buyers Market Value 147

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. Which is a legal no-no.). Oftentimes appraisers will embed a short essay/commentary about why their opinion of value doesn’t align with the negotiated sales contract. It’s annoying to say the least.

Appraisal 78

Appraisal Reconsideration of Value Agents Market Value 78

Movoto

MAY 29, 2024

During standard home sales, earnest money comes into play around the time a home goes under contract. In the following blog, we’ll touch on various elements of closing on a real estate deal , provide an earnest money definition, and explain how it works. What is Earnest Money? It thereby reduces the amount of the transaction.

Contracts 36

Contracts Sellers Real Estate Buyers 36

Birmingham Appraisal

SEPTEMBER 26, 2023

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.

Real Estate Agent 94

Real Estate Agent Real Estate Clients Agents 94

Appraisal Today

AUGUST 23, 2024

Attorneys order reviews to support legal matters involving property valuation, including disputes and condemnation cases. 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. percent from 6.54 percent, with points increasing to 0.60

Appraisal 71

Appraisal Contracts Investors Property Appraisal 71

Appraisal Today

FEBRUARY 16, 2024

There were definitely adjustments for homes built by famous, widely known, architects. The date of value can be a legal issue and the appraiser should not be the one accepting responsibility for whether the date of value is correct for whatever the use is (such as an estate tax return). Worth reading. A good summary. percent from 6.80

Appraisal 84

Appraisal Contracts Training Architecture 84

Lamacchia Realty

DECEMBER 18, 2023

By definition, a real estate agent is a sales professional licensed by their state to assist clients in buying, selling, or leasing properties. Additionally, they are well-versed in the complex legal aspects of a home sale or purchase and can assist clients in navigating contracts, disclosures, or any issues that may arise.

Realtors 74

Realtors Agents Real Estate Agent Real Estate 74

Appraisal Today

JULY 12, 2024

Definitely read this before doing STRs on a 1007, which an AMC or lender requests. == Key Considerations for Appraising Accessory Dwelling Units (ADUs) By Jo Traut Excerpts: Appraising ADUs requires a nuanced understanding of market characteristics, legal frameworks, and property specifics. percent from 7.03 percent from 7.11

Appraisal 71

Appraisal Design Contracts Business 71

Appraisal Today

JUNE 14, 2024

However, they are definitely more affordable housing, which is a very hot topic now. What if there is a contract which stipulates that the buyer will pay the title fee, but that the seller will contribute an amount equal to the title fee as a seller concession? The average contract interest rate for 5/1 ARMs increased to 6.45

Appraisal 76

Appraisal Sellers Contracts Insurance 76

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. What does it mean to rent commercial space? monthly, quarterly) for using the property.

Tenants 144

Tenants Landlords Property Taxes Real Estate 144

Appraisal Today

JUNE 7, 2024

It’s definitely a “breath of fresh air” for the AI! == Appraisers Riding the Waves of Up and Down Mortgage Rates Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! The average contract interest rate for 5/1 ARMs decreased to 6.37

Appraisal 74

Appraisal Insurance Contracts Business 74

Appraisal Today

DECEMBER 8, 2023

The first question to talk about is this: “Does the real estate appraiser have any ethical, moral, or legal responsibility to protect the consumer/mortgagor2, 3, 4 when appraising a property for a mortgagee/client?”… The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.98

Appraisal 70

Appraisal Real Estate Contracts Design 70

Appraisal Today

JUNE 28, 2024

To read more, Click Here My comments: This article is definitely worth reading. While this landmark legal case has the potential to really change how real estate agents and brokers do business, one question largely unaddressed by the hundreds of journalists covering this issue is how all this will affect appraisers. percent from 6.94

Valuation 61

Valuation Appraisal Real Estate Real Estate Agent 61

Appraisal Today

MAY 10, 2024

There is administrative time involved, as well as legal factors. 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). The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.92

Reconsideration of Value 77

Reconsideration of Value Appraisal Real Estate Insurance 77

Appraisal Today

APRIL 1, 2023

The date of value can be a legal issue, and the appraiser should not be the one accepting responsibility for whether the date of value is correct for whatever the use is (such as an estate tax return). Keep the definition of intended users as narrow as possible. The average contract interest rate for 5/1 ARMs decreased to 5.58

Clients 52

Clients Appraisal Contracts Business 52

Appraisal Today

SEPTEMBER 2, 2022

Many of the homes that go to contract in the peak spring selling season close around 45 to 60 days later in July.” If there’s a chance your subject property has an ADU, expect to spend, at a minimum, 25% more time on the appraisal and always make sure to check its zoning and legality before you quote a fee. For the U.S. percent from 5.65

Appraisal 52

Appraisal Contracts Clients Real Estate 52

Appraisal Today

AUGUST 12, 2022

When the speaker took a survey of attendees, estate and trust appraisals was definitely the most popular. For the last year, 40% of my legal work has been occupied by issues concerning alleged discrimination – balanced between representing parties in fair housing investigations and helping clients improve compliance and decrease risk.

Appraisal 52

Appraisal Contracts Mortgage Valuation 52

Hood Homes Blog

APRIL 29, 2018

Much of the public data available on your home is at the County Appraisal District, like your most current tax assessment and legal description. Agents have a love-hate relationship with Zillow, but it is definitely a fact that it is the #1 most visited real estate website in America. County Appraisal District. Yelp is a tricky one.

Real Estate Agent 36

Real Estate Agent Realtors Tools Agents 36

Appraisal Today

SEPTEMBER 30, 2022

Consequently, both the appraiser and home inspector ended up on the receiving end of a “wrongful death” legal claim. Read on to learn about the definition of an extraordinary assumption and when it should be used, as well as the overuse of extraordinary assumptions. The average contract interest rate for 5/1 ARMs increased to 5.30

Appraisal 52

Appraisal Inspection Easement Contracts 52

Movoto

JULY 31, 2024

We’ve definitely gotten our fair share of, “You’re the problem. Our jobs involve showing houses and executing contracts, but a huge part of our job is the therapy people need through this process. Essentially, legally, they have three units on that property and are cash flowing enough to be living in Puerto Rico.

Real Estate 36

Real Estate Open Houses Brokerage Agents 36

Appraisal Today

JANUARY 5, 2024

You’ll learn key ways to work on eliminating bias and reduce your legal risk. You’ll also learn why “cultural competency” knowledge and skills are truly important for appraisers – you’ll see how a lack of cultural competency has led appraisers into legal quagmires. Legal topics are very popular with appraisers. percent from 6.71

Appraisal 79

Appraisal Contracts Business Legal 79

Appraisal Today

SEPTEMBER 9, 2022

The date of value can be a legal issue and the appraiser should not be the one accepting responsibility for whether the date of value is correct for whatever the use is (such as an estate tax return). Keep the definition of intended users as narrow as possible. The average contract interest rate for 5/1 ARMs increased to 4.81

Reconsideration of Value 52

Reconsideration of Value Appraisal Clients Contracts 52

Appraisal Today

JUNE 23, 2023

By collaborating with appraisers, accountants can provide clients with comprehensive financial guidance, ensure compliance with legal and tax requirements, and strengthen their overall professional services. But there definitely appears to be truth in Fannie’s unpopular choice of words. percent from 6.77 percent from 6.79

Appraisal 90

Appraisal Real Estate Valuation Contracts 90

Housing Wire

MARCH 25, 2025

This could result in compliance violations, particularly if providers of these products do not maintain required licenses under legal and regulatory guidance that the mortgage industry must follow. Some of this is tied to legal definitions and regulations that govern reverse mortgages. Court of Appeals for the Ninth Circuit.

Investing 210

Investing Legal Contracts Law 210

Appraisal Today

MARCH 21, 2025

You definitely needed to be nice, not rush through the inspection, dress professionally, etc. The National Fair Housing Alliance (NFHA) has found itself in a precarious position as their funding well runs dry, jeopardizing their ongoing legal battle against Maryland appraiser Shane Lanham. Home owners completed reviews of appraisers.

Appraisal 52

Appraisal Reconsideration of Value Mortgage Contracts 52