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In legal disputes, the accurate valuation of real estate can be pivotal, making real estate appraisers key expert witnesses. Their specialized knowledge and objective analysis provide crucial evidence that can shed light on complex issues, shape legal strategies, and underpin strong case arguments.
Instead, the complexity stems from the unique characteristics of the property, the lack of readily available comparable sales data, or the existence of special legal or environmental considerations. Mixed-Use Developments: These properties combine multiple uses, such as residential, commercial, and retail spaces in a single development.
” Highest and Best Use is the reasonable, probable, and legal use of vacant land or an improved property. Legally permissible. If not, obtain one, specifically covering boundaries to learn if easements or encroachments exist.). Are existing structures considered legal non-conforming use? Physically possible.
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., percent from 6.38
There is administrative time involved, as well as legal factors. Instead, they can have rights to it via an easement agreement until 2153—an arrangement that protects the house from developers. retail residential mortgage applications, and has been conducted weekly since 1990. First, the burden on borrowers. They start the row.
Consequently, both the appraiser and home inspector ended up on the receiving end of a “wrongful death” legal claim. There may be unrecorded easements or other issues that the appraiser would not and could not discover during the course of the inspection. The average contract interest rate for 5/1 ARMs increased to 5.30 percent from 5.14
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