Empire Appraisal Group

JANUARY 20, 2022

Not all property insurance companies will cover solar panels, and the ones that do have a wide-ranging set of rules and inconsistent coverage pricing. However, potential savings could be offset by another higher cost: property insurance rates. Insurers’ solar panel considerations. By Kerry Smith. ORLANDO, Fla.

Buyers 78

Buyers Insurance Agents Legal 78

Realvals

JUNE 18, 2023

By getting an appraisal, you can substantiate your claims and provide evidence to support your position. It’s not uncommon for property owners, insurance companies, or tax authorities to have contrasting opinions on the value of a property. It enables you to support your current property valuation accurately.

Appraisal 145

Appraisal Property Taxes Real Estate Market Value 145

East Coast Appraisal

SEPTEMBER 26, 2023

Specialization Residential and commercial property appraisals differ. For example, commercial property appraisal considers income generation, which isn't a factor for residential property appraisal. An appraiser may have experience in one property type but not the other.

Real Estate 52

Real Estate Appraisal Property Appraisal Insurance 52

Appraisal Today

JANUARY 31, 2025

In the Oakland CA firestorm in 2021, many of the homes had reproduction replacement in their insurance policies. The home owners with reproduction costs got very large payments from their insurance companies. The insurance companies learned their mistake and never offered reproduction again. .

Appraisal 68

Appraisal Contracts Real Estate Insurance 68

Appraisal Today

OCTOBER 11, 2024

By George Dell, MAI, SRA This UAD topic is intertwined with the new integrated URAR by our GSEs (Government Sponsored Enterprises) – as both the UAD and URAR will arrive on the scene together. Almost one-quarter (23%) of respondents overall expect insurance premiums in their area to increase after Hurricane Helene. Are values affected?

Appraisal 83

Appraisal Insurance Contracts Valuation 83

Assurance Financial

APRIL 29, 2021

During an appraisal, a professional will evaluate your home’s condition, how much similar homes have sold for recently and the overall market to determine the value of your home. The appraisal can be more than the price of the house or it can be less. The federal government issues the certificate. Assessed Value.

Mortgage 69

Mortgage Insurance Inspection Sellers 69

Assurance Financial

NOVEMBER 28, 2023

Property search: You search for a property to purchase within the pre-approved loan amount. Property appraisal: The lender hires an appraiser to determine the value of the property to ensure it is worth the amount being borrowed. Ownership: Once the loan is fully repaid, you own the property outright.

Mortgage 69

Mortgage Property Taxes Insurance HOA 69

Appraisal Today

AUGUST 9, 2024

Understanding Market Value Market value is the most frequently sought value in real property appraisals and can have various definitions. Most often, it is defined as the most probable price a property should sell for under typical conditions. Excerpts: Insurance is financial risk management. Income replacement.

Appraisal 74

Appraisal Reconsideration of Value Insurance Market Value 74

The Robert Weiler Company

OCTOBER 21, 2022

We believe that you’ll feel better informed, more confident, and maybe even a little enthusiastic when it is time to schedule a free consultation with a commercial property appraiser. Question 1: What is a commercial real estate appraisal? Question 5: Why are commercial property appraisals important?

Real Estate 60

Real Estate Appraisal Property Appraisal Valuation 60

The Robert Weiler Company

NOVEMBER 9, 2022

We recommend starting with the infrastructure because this is what often drives commercial property prices. And determine whether the government plans any upgrades in the future; this is a telltale sign of an up-and-coming hot spot. Look into this vital issue before finishing up your Columbus, Ohio property search.

Transportation 78

Transportation Real Estate Supply Chain Investing 78

Appraisal Today

AUGUST 23, 2024

Excerpts: Topics: What is an appraisal review? Fact-checking vs appraisal review Types of appraisal review reports Why are appraisal reviews needed? Who requests a property appraisal review? Who can review a property appraisal? Understandable with excellent “real life” examples.

Appraisal 75

Appraisal Contracts Investors Property Appraisal 75

Appraisal Today

MARCH 15, 2024

Defining rural properties – USDA and GSEs Challenges of appraising rural properties Appraising rural properties presents unique challenges due to their diverse characteristics and market dynamics. Purchase application volume increased for the week but remains about 11 percent below last year’s level.

Appraisal 77

Appraisal Inspection Modernization Business 77

AmeriMac

APRIL 15, 2023

Uses of Commercial Property Appraisals A commercial property appraisal is a process of determining the real estate market value of a commercial property. These appraisals are typically needed to establish market values for property buying and selling, property tax assessments, and loan amounts.

Real Estate 36

Real Estate Appraisal Valuation Property Taxes 36

PennyMac

JUNE 28, 2022

An escrow account is a special account that holds money for property taxes, premiums, homeowners insurance and mortgage insurance. Some lenders require you set aside a few months of property tax and mortgage payments in an escrow account as part of your closing costs. FHA Mortgage Insurance Premium. Escrow Deposit.

Property Taxes 36

Property Taxes Insurance Sellers Inspection 36

Appraisal Today

AUGUST 18, 2023

Be sure to put in a comment requesting it. == The Future of Property Appraisal: Unveiling the UAD Redesign and New URAR By: McKissock August 15, 2023 At the recent Valuation Expo conference in Las Vegas, Heather Sullivan (Aloft), Ken Defeo (Fannie Mae), and Sean Murphy (Freddie Mac) provided a peek at some of the upcoming changes.

Appraisal 83

Appraisal Contracts Inspection Real Estate 83

Appraisal Buzz

DECEMBER 3, 2021

The Interagency Task Force on Property Appraisal and Valuation Equity (commonly known by the acronym PAVE) was created in June 2021 by President Biden, and consists of representatives of numerous federal government agencies, including the Department of Housing and Urban Development (HUD), Department of Veterans Affairs (VA), Federal Deposit Insurance (..)

Property Appraisal 195

Property Appraisal Valuation Insurance Government 195

McKissock

DECEMBER 3, 2021

During the last several weeks, the task force has held online “listening sessions” to solicit feedback from appraisers, lenders, and other stakeholders in the residential mortgage lending industry.

Appraisal Process 80

Appraisal Process Law Property Appraisal Valuation 80

Appraisal Today

JUNE 23, 2023

The proposed rule’s safeguards are not a panacea, but represent a recognition of the risks posed by algorithmic appraisals. They don’t pick up design flaws, emotion-based style preferences, ambient noise levels, smells, street parking issues, market tastes, perceived quality of school districts and responsiveness of local government.

Appraisal 93

Appraisal Real Estate Valuation Contracts 93

Housing Wire

FEBRUARY 7, 2022

HUD’s work co-leading the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE), as well as the number of actions taken in the first year of the administration to bolster enforcement of the Fair Housing Act demonstrates our commitment to the issue,” a spokesperson said. Many have called for reductions.

Modernization 370

Modernization Insurance Lending Mortgage 370

Housing Wire

DECEMBER 16, 2024

Irwin discussed some of the associations outlook for the industry and the condition of the FHA’s Mutual Mortgage Insurance (MMI) Fund. The HECM program recorded a positive capital ratio for the fourth year in a row for the overall government-backed portfolio. Can we advocate for tweaks to that process?

Property Appraisal 368

Property Appraisal Appraisal Valuation Business 368

Housing Wire

FEBRUARY 4, 2025

Exacerbating this problem are unscrupulous lenders who market reverse mortgages as public services or government-sponsored products. It goes on to claim that reverse mortgage foreclosures have taken place against borrowers for making payments mere cents short of their tax or mortgage insurance bills. Two years later, Gov.

Mortgage 340

Mortgage Law Property Taxes Design 340

Appraisal Buzz

JUNE 28, 2024

FHA is the largest mortgage insurer in the world, serving a higher percentage of first-time home buyers, low- and moderate-income households, and people of color than any other mortgage channel. More than seven million American households currently live in a home financed by an FHA-insured mortgage.

Insurance 195

Insurance Finance Development Mortgage 195

AmeriMac

FEBRUARY 15, 2025

They were established to prevent conflicts of interest in appraisals, promoting fairness and independence in the real estate market. The government implemented stricter rules for real estate valuation to prevent another market collapse. This led to the growth of the AMC industry, now essential for mortgage lending practices nationwide.

Appraisal 36

Appraisal Appraisal Process Valuation Real Estate 36

Appraisal Today

DECEMBER 13, 2024

Unique Properties, Rocket Mortgage Sues HUD, Trump Shifts in Housing Market? December 13, 2024 Whats in This Newsletter (In Order, Scroll Down) LIA ad – Each appraisal is unique The Ultimate Guide to Unique Property Appraisals Americas Most Expensive Property Is Sitting in a Flood ZoneWill Anyone Buy the $295 Million Estate?

Appraisal 86

Appraisal Contracts Real Estate Mortgage 86

Housing Wire

OCTOBER 25, 2024

Practically, experts who spoke with HousingWire contend that documents like this one often have little influence on governing decisions. Dworkin calls the playbook an “extremely conservative, largely libertarian approach to governance, and no one should be really surprised that it seeks to dismantle the HUD infrastructure.”

Government 447

Government Insurance Development Modernization 447

Appraisal Buzz

NOVEMBER 25, 2024

Were the CFPB abolished, its consumer protection functions would spread among The Office of the Comptroller of the Currency (OCC), Federal Deposit Insurance Corporation (FDIC), Federal Reserve, and National Credit Union Administration (NCUA), and its prior rulemakings pulled down. A last point on the view of the regulatory arena generally.

Appraisal 369

Appraisal Valuation Real Estate Government 369

Housing Wire

NOVEMBER 25, 2024

Stagnant pay and increasingly shorter turnaround times have prompted tens of thousands to leave the profession, and the presence of appraisal management companies (AMCs) has rankled industry veterans. Among the changes proposed, it allows state-licensed appraisers to work on mortgages insured by the Federal Housing Administration (FHA).

Appraisal 416

Appraisal Valuation Real Estate Property Appraisal 416

Appraisal Buzz

JULY 11, 2024

We also expect to see continued focus on climate-related financial risks to homes, including how these risks are contributing to the disruption of homeowners’ insurance availability, and the costs and benefits of investing in municipal infrastructure and home adaptations to make for more resilient communities.

Government 221

Government Housing Market Mortgage Finance 221

Appraisal Today

FEBRUARY 7, 2025

My insurance company, State Farm, is requesting a 22% increase in homeowners insurance. Insurers have been not renewing individual homes for various reasons. I have not seen discussions on the future of home values in risky areas. I live 10 miles from a very risky area Oakland CA hills. I am too far away to be at risk.

Home Value 53

Home Value Appraisal Contracts Mortgage 53