November, 2018

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Remember liar loans of a decade ago? Those same people want to do away with appraisers.

Miller Samuel

My friend and appraisal colleague Ryan Lundquist and I authored a petition on change.org to point out the growing wreckless behavior that is enveloping the mortgage process. There’s a proposal from the FDIC, Federal Reserve, and Treasury Department not to require appraisals for some mortgages under $400,000. As we say in the petition , this change can impact several groups in particular: consumers, the taxpayers, the housing market and appraisers.

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How to Maximize Appraisal Underwriting Approvals in Rural Markets

Genworth MI Blog

Relax, underwriters, it’s just rural. This story first appeared in HousingWire. Recently, the rural housing landscape has sparked discussion about its lending, affordable housing availability, housing shortages and outreach to underserved demographics. A spotlight has been cast on the rural space with questions probing why rural properties often face excessive underwriting conditions for appraisal issues and how rural lending can be increased to differentiate an organization.

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Sidestepping the Appraisal and Appraisal Waivers.

Advanced Appraisal

Chicago and South Suburban Appraisal Blog

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Fewer Homes May Require Human Appraisals, but That May Not Be a Good Thing

Realtor

istock/cnythzl A new proposal to reduce the number of homes requiring in-person appraisals could save home buyers and those attempting to refinance hundreds of dollars, and speed up the process. This may sound like a well-timed holiday blessing, but appraisers who would be affected by the change say it could also pose all sorts of problems. The plan would require human appraisals only for purchases of homes costing $400,000 and up.

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Fannie Mae Changes 2018

Robinson Appraisal Group

The one thing that always remains constant is change. As appraisers in this ever changing industry we have seen changes in the market, technology, bank requirements, emergence of management companies and appraisal form changes. The most recent Fannie Mae change is the removal of the 1004MC form in an appraisal. This form has been a requirement since 2009 as a tool to establish the increase, decrease or stabilization of markets in the aftermath of the housing crisis occurring between 2007 –

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The 10 Best Days to Buy a Home

Patch of Land

We have all heard the saying that smart real estate purchases are based on location, location, location. But that suggests you focus only on where to buy a home. What about when? Data indicates that there are definitely months of the year—and even specific days—when you are statistically more likely to acquire a property at a discounted price. On some days, in fact, that price can be many thousands of dollars below a property’s estimated market value.

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How to Maximize Appraisal Underwriting Approvals in Rural Markets

Genworth MI Blog

Relax, underwriters, it’s just rural. This story first appeared in HousingWire. Recently, the rural housing landscape has sparked discussion about its lending, affordable housing availability, housing shortages and outreach to underserved demographics. A spotlight has been cast on the rural space with questions probing why rural properties often face excessive underwriting conditions for appraisal issues and how rural lending can be increased to differentiate an organization.

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Ensuring an Accurate Home Appraisal

McCarthy Appraisal Blog

“What is my home worth” is probably the single most popular question asked when someone decides to put their home on the market. In real estate, finding out how much your home is worth is done through an appraisal, which determines the value of your house in the present day market. There are several factors taken into account when valuing a home…. The first is reproduction cost.

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Fewer Homes May Require Human Appraisals, but That May Not Be a Good Thing

Realtor

istock/cnythzl A new proposal to reduce the number of homes requiring in-person appraisals could save home buyers and those attempting to refinance hundreds of dollars, and speed up the process. This may sound like a well-timed holiday blessing, but appraisers who would be affected by the change say it could also pose all sorts of problems. The plan would require human appraisals only for purchases of homes costing $400,000 and up.

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5 Tech Tools for House Flippers and Other Real Estate Investors

Patch of Land

Whether you’re a seasoned house flipper or just planning to take your first entrepreneurial step as a real estate investor, you should always be on the lookout for new tools, processes, and best practices that can help you improve your business. For this post, we offer five great technology tools to help real estate investors of all types, particularly house flippers. 1.

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An Industry Update from Patch of Land

Patch of Land

You may have heard the news that crowdfunding platform, RealtyShares, is no longer offering new investments on their platform, and we believe this means they will soon be closing their doors. There has been tremendous attention and excitement in the real estate crowdfunding space over the past five years, with Patch of Land and RealtyShares among the earliest players.