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Pre-Appraisal Checklist for Homeowners

D Fritz Appraisals

The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property. Any easements or encroachments – any part of the property should be accounted for to get the most accurate estimate of the land value. Fritz for your real estate appraisal.

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Commercial Real Estate Appraisal Review: Essential Handbook to a Necessary and Influential 2nd Opinion

The Robert Weiler Company

The physical, legal, or economic descriptions of the property are in question. Two of the best examples occur when there is lending involved or litigation pursued. Consider the grantor’s position when considering a disbursement for a mixed-use development, conservation easement, or specialty use property. Grant Applications.

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7 Takeaways: Due Diligence Fee and Earnest Money in Real Estate

Raleigh Realty

It should be noted that not every state uses due diligence fees in real estate transactions, so it is important to consult with your real estate agent so they may educate you on the legal implications of a housing contract. Any existing easements on the property which legally allow another party to use someone else’s property.

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Real Estate Appraisers Share How They Stand Out from the Competition

McKissock

” “I have a life long time in agriculture and worked at a title company, giving me a good understanding of legal descriptions and easements.” Also, I have appraised multiple airports and done various easement studies for research.” My focus is lending institutions appraisals.”

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Are Appraisers Professionals?

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on Easement Liability, college degree requirement AQB, Fannie June Update, ADUs, unusual homes, mortgage origination stats, etc == = Renovated Modernist Mansion in Salt Lake City for $3.699M Excerpts: 4 bedrooms, 4 baths, 4,660 sq.ft.,

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Explaining the Loan Process Part 4: Underwriting Mortgage

PennyMac

Second, lenders need to be sure that the property they are helping you purchase doesn’t already have any legal claims on it. It takes time for the lending company to verify your information and do a final evaluation to determine whether you represent a good candidate for the loan.

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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

There is administrative time involved, as well as legal factors. In more recent downturns, such as during the 2008 recession, many foreclosures were due to bad lending. Instead, they can have rights to it via an easement agreement until 2153—an arrangement that protects the house from developers. First, the burden on borrowers.