Housing Wire
SEPTEMBER 9, 2020
“For our seller-clients, we were counseling them on how the buyers waive appraisals or waive mortgage contingencies,” Cordano said. “With the influx of New York City buyers bidding these houses up, oftentimes waiving the financing/mortgage/appraisal contingencies was not a difficult thing to ask for and most of them did that.”.
Appraisal Buzz
APRIL 15, 2024
By now, most appraisers are aware that Fannie Mae and Freddie Mac (GSEs) have embarked on a complete overhaul of the Uniform Appraisal Dataset (UAD). These codes, or language, make sense to appraisers but confuse uninitiated readers of our reports. No longer will appraisers find the right field and check the right box.
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Annarbor Appraisal
SEPTEMBER 6, 2020
Even though the lender is the client, the borrower is by regulation, required to be given a copy of the appraisal report. When a sale is involved, the valuation may be lower than contracted price. Sometimes there are sales that were showing as under contract as of the effective date of the appraisal that had closed.
Padove Appraisal Service
FEBRUARY 27, 2023
When selecting an appraiser, it’s important to choose someone who is licensed and qualified to perform the type of appraisal you need. Many appraisers’ professional experiences are limited to mortgage appraisals. They may not be familiar with reporting requirement for other appraisal purposes.
Birmingham Appraisal
AUGUST 23, 2023
This can come in the form of a pre-listing appraisal to help establish a market-supported asking price for the seller. The appraisal can also give potential buyers peace of mind that the home is accurately priced and will most likely not have any value issues when the mortgage appraisal is performed.
Birmingham Appraisal
SEPTEMBER 15, 2022
What is a Mortgage Appraisal? A mortgage appraisal is an appraisal that is done for mortgage lending purposes. Lenders, including banks and mortgage companies, require an appraisal to justify the loan they are making. Who is the Appraisal for? This is called equity.
McKissock
JULY 28, 2022
There has been a lot of talk about the Uniform Appraisal Dataset (UAD) and Uniform Residential Appraisal Report (URAR) redesign initiative, and how it will make life easier for appraisers. The mortgage appraisal forms we use today were designed in 2005 using technology and mortgage processes in place at the time.
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