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After I finished the Yahoo Finance interview last Thursday, I ran over to 30Rock and taped a segment for Nightly Business Report/CNBC on our Elliman Manhattan report release. Robert Frank, the wealth editor for CNBC, interviewed me remotely. These are pretty fun to do, especially because to get there, I have to walk next to Christmas Tree, Rockefeller Ice Rink and finally "The Tonight Show Starring Jimmy Fallon" set.
Your lender may have told you that they don’t need an appraisal. This doesn’t mean that you don’t need an appraisal. The mortgage industry has repeatedly attempted to eliminate the requirement for a home appraisal in the lending process. Lenders have introduced programs with little success. Most attempts to remove the appraisal requirement have included use of an automated valuation model (AVM).
Real estate appraisal is called a profession rather than a trade, and as with any profession we have a strict ethical code. We have a great deal of responsibilities as appraisers, but our main duty is to our clients. Normally, in residential practice, the lender (or an agent of the lender) places the order to the appraiser, becoming the appraiser's client.
I had another a fun interview on Adam Shapiro and Julie Hyman on fledgling Yahoo Finance TV. Verizon is going gonzo to get it going with even more original programming. One observation - each time I've been invited to talk about the housing market, the stock market plummets at least 600 points. Correlation or Causation?
Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.
The purpose of appraisal reviews are to detect: whether the original appraisal or evaluation is suitable for the transaction, the exposure inherit in the transaction, and whether the procedure by which the property valuation is rendered ensures independence and quality. Moreover, they should indicate whether the appraisal or evaluation report is in line with the engagement letter, which sets forth the scope of the appraisal assignment.
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