Remove Development Remove Inspection Remove Magazine
article thumbnail

CFPB Unveils Highly Anticipated Updates to Regulation X

Appraisal Buzz

This piece originally appeared in the October 2024 edition of MortgagePoint magazine, online now. On July 10, 2024, the Consumer Financial Protection Bureau (CFPB) introduced a proposed regulatory amendment aimed at intensifying the obligations of mortgage servicers to assist borrowers prior to initiating foreclosure proceedings.

Mortgage 390
article thumbnail

State Insurance Reforms Aim to Alleviate Market Challenges

Appraisal Buzz

This piece originally appeared in the September 2024 edition of MortgagePoint magazine, online now. The program provides the ability to obtain free home inspections to identify storm mitigation measures. One recent positive development is the approval of nine Florida insurance carriers to offer take out policies from Citizens.

Insurance 221
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Local housing markets: Othello, Osage Beach and Vienna

Housing Wire

Local housing markets is a HousingWire magazine feature spotlighting housing trends and data across the country. All of the homes that we have sold recently have sold in the first weekend with multiple offers at $50,000 to $100,000 over list price with no home inspection,” Casey Samson, the leader of The Casey Samson Team, said.

article thumbnail

8 effective mindset hacks from a top real estate coach

Housing Wire

The agent had recommended a sewer scope at the time of inspection, however, due to the expense, the buyer opted not to hire a plumber to inspect the sewer line… big mistake! I considered the bigger picture, saying, “Yes, it was the buyer’s responsibility to inspect the line. Yes, you told them to do the inspection.

article thumbnail

Don’t Start Driving until You Know Where You’re Going

Appraisal Buzz

This article was originally published in the Fall 2021 Appraisal Buzz Magazine here. Now is your last time to sign up to receive the Appraisal Buzz Magazine for free from the Appraisal Buzz Premium Membership ! Now is your last time to sign up to receive the Appraisal Buzz Magazine for free from the Appraisal Buzz Premium Membership !

Appraisal 221
article thumbnail

Modernizing Appraisals: Collaborative Valuation

Appraisal Buzz

This article was originally published in the Fall 2021 Appraisal Buzz Magazine here. My frustration centered on the mundane tasks such as setting up files, data entry and getting the data into the analytical tools used to develop and support adjustments. Many stakeholders in the profession have given their opinions on what that means.

article thumbnail

Opinion: What you need to know for a successful real estate transaction

Housing Wire

The buyer must wait for bank approval, secure financing, complete inspections and perform last-minute walk-throughs to ensure all necessary documents and requirements are being processed. Rachel Luna is the agency development manager at Patriot Title. Once an offer is made and the purchase agreement is completed, the escrow is opened.