Housing Wire

APRIL 5, 2022

There is a legal description. Virtual” real estate shares much of the same general definitions of actual real estate. In Decentraland or Sandbox, for example, the legal descriptions are individual pixels (essentially code) that define the “parcels.” Ownership grants the right to possess, sell or lease it.

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Housing Wire

DECEMBER 13, 2024

Given the Department of Justice s ongoing legal battle with the National Association of Realtors (NAR), Sue Yannaccone the president and CEO of Anywhere Brands and Anywhere Advisors knows that the legal landscape for real estate in 2025 will continue to be a challenge.

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Housing Wire

AUGUST 9, 2022

Luna: I definitely stumbled into it. I like that title has a legal aspect to it, but I also like that we are able to talk to people and get to know them a bit through their transaction. But I like that there is a balance between legal stuff and people. I was originally interested in doing journalism or law.

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Housing Wire

FEBRUARY 9, 2021

Building a business model or creating a solution that benefits more than one party is definitely feasible — but trying to solve for them all simultaneously is a common trap for entrepreneurs. All facets of real estate transactions, from appraisals and advice to financing and insuring, are highly regulated. Presented by: Motto Mortgage.

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Housing Wire

JULY 1, 2024

Our use of such technology could subject us to expensive litigation, and to greater loss exposure due to insurance limits,” the filing continues. The class definitions for the Redfin suit are similar, and are divided into all persons in the U.S. Both lawsuits are seeking class-action status.

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Housing Wire

FEBRUARY 3, 2025

The judge ultimately sided with RMF, finding that its lien held senior priority over the original mortgage, which the judge characterized as a novel legal question. HECM loans require borrowers to continue paying property taxes, homeowners insurance and if applicable HOA fees to keep their loan in good standing.

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Housing Wire

AUGUST 8, 2024

“There could also be a world where there are more unrepresented buyers, and we know that if there are more unrepresented buyers, there are more insurance claims and lawsuits, and deals fall through more often,” Simonsen said.

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Housing Wire

MARCH 7, 2022

The NFT representing ownership of an LLC representing ownership of a house is 100% legally meaningless. A deed transfer often includes the new owner ensuring they are the property holder through title insurance. Still, the company contends, blockchain technology “is ready to be utilized by counties and that’s definitely needed.”.

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Housing Wire

APRIL 16, 2024

Selden is referring to a clarification issued in a mortgagee letter by FHA Commissioner Julia Gordon in late 2022, noting that participants who have ”a direct impact on the mortgage approval decision are prohibited from having multiple roles or sources of compensation, either directly or indirectly, from a single FHA-insured transaction.”

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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.

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Housing Wire

APRIL 12, 2023

We have definitely heard of cases, and we’ve been consulted on cases, where the homeowner literally three minutes after the payment is sent, realizes, ‘Oh no! Carla Sanchez-Adams is a senior attorney at the National Consumer Law Center focused on emerging issues in the financial and fintech sectors.

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Miller Samuel

MARCH 19, 2019

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. From the New York Times article of October 26, 2014: Pied-à-Neighborhood. “If

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McKissock

OCTOBER 23, 2020

If the appraiser is providing any services that would fall under that definition, the fee structure cannot be contingent on the outcome of the appeal. Insurance claims. There is substantial demand for litigation support services to the legal community. Income tax (IRS) issues. Guardianship/Trustee matters.

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The Robert Weiler Company

APRIL 15, 2022

A commercial lease is a legally binding contract that details the relationship between a tenant and a landlord. Indemnity and Insurance. And the landlord pays for all operating expenses, such as maintenance, property taxes, and insurance. What does it mean to lease commercial real estate? Taxes and Assessments. Amendments.

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Tenants Landlords Property Taxes Real Estate 144

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?

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Housing Wire

NOVEMBER 5, 2023

Virtual tours allow agents to showcase properties in high-definition detail, providing a 360-degree view that helps potential clients visualize themselves in the space without the need for physical showings. And just as with all prospecting strategies, don’t forget to follow up. That’s sponsorship.

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Empire Appraisal Group

DECEMBER 28, 2022

If you can legally add an accessory dwelling unit (ADU), should you? In California, homeowners have a legal right to build ADUs, and local governments aren’t supposed to create barriers to getting permits. Does Adding an In-Law Suite Pay Off? Source: Does Adding an In-Law Suite Pay Off? Florida Realtors. By Liz Weston.

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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.,

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Boston Appraisal

JANUARY 12, 2024

They also face legal, regulatory, tax, insurance, and maintenance issues that may affect their value and profitability. Appraisers analyze the legal, physical, and economic factors that affect the highest and best use of the property, and then compare the value of the property under different scenarios.

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Assurance Financial

AUGUST 9, 2021

Be legally able to take on a loan. But the USDA’s definition of a rural area, at least for its guaranteed loan program, might be much broader than you think it is. The loans don’t have private mortgage insurance requirements, which can help buyers save more. It also includes: Homeowners insurance.

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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). If buyers cannot get insurance or it is very expensive, it will affect value. First, the burden on borrowers.

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Aedis Appraisals

AUGUST 17, 2017

If you are looking for a fast, accurate real estate appraisal in Toronto , you’d be wise to work with professionals trusted by lenders, legal specialists, insurance companies, and those in the market for a private purchase or sale. It’s essential for those offering this service to be flexible, as far as scheduling is concerned.

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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?

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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.

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Quicken Loans

NOVEMBER 22, 2021

It offers the chance to get into a home without a down payment and a one-time funding fee in place of mortgage insurance. No private mortgage insurance (PMI). This limit applies to escrow items (prepaid property taxes and homeowners insurance) as well as the VA funding fee. Lower than average interest rates. More on that below.

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Assurance Financial

MAY 4, 2022

Common fees that contribute to the closing costs include, but are not necessarily limited to, appraisal and inspection fees, application fees, origination fees, mortgage and title insurance fees, early repayment fees and discount points — some of which are more avoidable than others. Title insurance fees. Mortgage insurance fees.

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PennyMac

AUGUST 30, 2024

Loan Servicing Definition and Overview Loan servicing is the administrative process of managing and collecting payments on a loan after it has been originated. Review Homeowners Insurance Policy Your loan servicer will likely let your homeowners insurance company know that your loan has been transferred to a new servicer.

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Appraisal Today

AUGUST 23, 2024

Attorneys order reviews to support legal matters involving property valuation, including disputes and condemnation cases. Insurance companies use them for verifying property values in underwriting and claims. Lenders rely on reviews to ensure the accuracy and reliability of appraisals before making lending decisions.

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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. A personal CLUE report searches all the insurance claims tied to yourself, including those on your home. County Appraisal District. You can use the floorplan when marketing your home!

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Property Metrics

DECEMBER 10, 2021

So, by definition, a single-family personal residence or vacation home doesn’t meet this requirement. By definition, securities in a REIT are not considered “like kind” to a physical property so it isn’t possible. Is it possible to do a 1031 Exchange into a REIT? Yes and no. What is a Delaware Statutory Trust?

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Appraisal Today

AUGUST 12, 2022

Before that time (when the first 30-year fixed mortgages started), it was common for entities like commercial banks and life insurance companies to issue short-term balloon mortgages, often with terms as short as three to five years, which would be continually refinanced and never paid off.

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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. National Counsel for Liability Insurance Administrators.

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Housing Wire

MARCH 22, 2024

Buyers have now met with a financial advisor and a trusted lender and are armed with a definitive budget. Neighbors can provide valuable, first-hand insight into the area without being bound by legal or professional standards. Buyers can learn a lot simply from reading the posts and comments in these groups. Stick to the budget.

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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.

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The Robert Weiler Company

DECEMBER 9, 2022

So, stay tuned to receive the actual definitions for a commercial real estate agent, broker, and realtor. Exclusive Resources : Commercial realtors receive discounts and access to employee benefits, insurance policies, banking solutions, marketplaces, educational courses, and more. What Is a Commercial Real Estate Agent?

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Housing Wire

MARCH 29, 2022

Redlining is a five-alarm word in the lexicon of American racism, but it really has a quite specific definition: The denying of credit in non-white, particularly Black neighborhoods. Yes, regulators are legally obliged to assess CRA adherence. Despite being outlawed over 50 years ago, redlining still persists in America.

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Housing Wire

NOVEMBER 29, 2024

This is a crucial time for the real estate industry, and the title insurance industry in particular. The sheer fact that a house is up for sale isn’t a definitive sign of clear title; there could be a prior defect that hasn’t emerged or a new one the current owner/seller is unaware even exists.

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