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Decoding Property Appraisal for REO Properties

AmeriMac

Real Estate-Owned (REO) properties are distressed homes acquired by lenders after failed auctions. Different from traditional transactions, they are owned by financial institutions or government agencies like Freddie Mac or HUD. That’s why a complete home inspection is essential when looking at REO properties.

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Nothing New Under the Sun: the varied face of appraisal

Walitt Solutions

My talk focused on Property Inspections, which – to an outsider – might seem to be a straight-forward topic. So, with the changes in the first mortgage space, I asked the audience to consider several questions, when examining the varied face of property inspections that are currently in practice in the overall valuation profession.

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Common USPAP Appraiser Violations

Appraisal Today

If your home was appraised for a refinance or new mortgage in recent years, the lender likely sent a “property data collector” to take photos of your kitchen, living room, and each of your bedrooms and bathrooms. Ditto the floor plan. The 30-year fixed mortgage rate declined for the third straight week, dropping to 7.01