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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

GSEs (Government Sponsored Enterprises, including Fannie Mae and Freddie Mac), in their current modernization initiatives, are piloting instituting these types of “bifurcated” data-collection processes.

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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

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Meet MortgagePoint’s Tech Excellence Award Recipients: Part II

Appraisal Buzz

Unlike conventional mortgages, which rely upon a government-agency standard, business purpose loan documents are not standardized. The company has developed its own cloud-based software that helps streamline its property preservation services across its commercial, residential, and government property business lines.