Remove Definition Remove Development Remove Reconsideration of Value
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HUD publishes several changes to reverse mortgage handbook section

Housing Wire

Department of Housing and Urban Development (HUD) on Monday published a new version of its Single Family Housing Handbook 4000.1, The changes also include the addition of accessory dwelling units (ADUs) to the definitions of eligible properties. “A There are also newly added definitions for what constitutes “foreign income.”

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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

ROV (Reconsideration of Value) Changes – FHA and GSEs GSE Effective date is August 29, 2024 HUD Effective date is September 2, 2024 Editor’s note: This long section includes, In order: McKissock/Dave Bradley post with a good summary including links to HUD and GSE documents. For appraisers, Section II.D.2.

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Editorial Advisory Board Outlook: Insights From Economist, GSEs

Appraisal Buzz

This graceful exit, by definition, will involve a sale of the home, but it could incorporate flexible options that allow the homeowner to stay in the home for a period (i.e., lease back the property). We’re continuing to build on our lessons learned to help more homebuyers take advantage of appraisal alternatives in the future.

Appraisal 221
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Types of Appraisal Values

Appraisal Today

Let’s examine eight different types of value and provide a high-level overview of each. Understanding Market Value Market value is the most frequently sought value in real property appraisals and can have various definitions. It is the best article I have read on different types of values, plus other comments.

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Freddie Mac Appraisal Advice

Appraisal Today

As strategies continue to develop and evolve, we believe it’s important to engage and communicate with stakeholders, so here are three key items we believe appraisers should keep top of mind in 2024. It’s a necessary step in developing credible reports. A Reality Check Southernmost House in Continental U.S.

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Are Appraisers Professionals?

Appraisal Today

By staying honest and true to your values, others are more likely to trust and collaborate with you or recommend you and your business. Expertise Professionals strive for proficiency in their field, continually enhancing their knowledge through education, webinars and personal development efforts.

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How to Find Comps With Few Sales

Appraisal Today

My job was to equalize values so taxpayers had their “fair share” Definitely the best experience I ever had. The property data collection process by unlicensed and unregulated people hampers the appraiser trainee’s development and hurts the next generation of licensed and certified appraisers.