Remove Government Remove Market Value Remove Real Estate Agent
article thumbnail

How a transparent marketplace provides a proven path to benefit homeowners

Housing Wire

Given this pre-foreclosure paradox, mortgage servicers and government policymakers are forced to walk a thin line: nudging distressed homeowners toward making a choice that’s in their best interest while also arming them with the knowledge and resources they need to be protected in the pre-foreclosure marketplace.

Retail 435
article thumbnail

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

Miller Samuel

As we say in the petition , this change can impact several groups in particular: consumers, the taxpayers, the housing market and appraisers. One group not explicitly mentioned in the petition but impacted down the road are real estate agents and brokers.

Appraisal 300
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Once Upon a Time… A Housing Fairy Tale

Appraisal Buzz

We have rules, we have standards, and we all know the exact definition of value. The “official unofficial” government-related loan definition of market value is clear. As an appraiser, I had to look at what I had spent a lifetime doing: “Find market value.” Let’s pretend market value is market value.

article thumbnail

FHFA’s RFI on appraisals is a critical inflection point

Housing Wire

But there’s growing evidence that non-appraisers can perform high-quality data collection that ultimately empowers the appraiser to focus on what they do best: analysis, research, and determining market value. Real estate agents in particular understand local properties extremely well.

Appraisal 370
article thumbnail

The title industry’s latest cat-and-mouse game: seller impersonation fraud

Housing Wire

Then, posing as the property owner, the scammer contacts a real estate agent to list the property. The property is then listed, typically below market value to generate interest in the listing. Oftentimes this leads to the discovery of vacant lots. million, according to NAR.

Sellers 397
article thumbnail

What is the Difference Between Assessed Value and Market Value?

Lamacchia Realty

WHAT IS THE DIFFERENCE BETWEEN ASSESSED VALUE AND MARKET VALUE? Two terms that often come up when buying or selling property are assessed value and market value. While these terms may seem similar, they actually represent two different values that can affect the pricing of a property.

article thumbnail

Closing on a House Checklist: 6 Things Home Buyers Must Do Before They Move In

Realtor

Most purchase agreements have contingencies —things that buyers must do before the real estate transaction is official, explains Jimmy Branham , a Coral Springs, FL, real estate agent at the Keyes Company. As the home buyer of this piece of real estate, you’re entitled to choose the title company.

Buyers 207