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According to Johnson, when markets accelerate quickly, the credit risk gap widens between the agreed-upon purchase price and what the data reflects and advises loan production teams to explore avenues to understand this delta. However, Pilgrim said the industry’s expectations are still not within the realm of these new flexibilities.
This blog is part four of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. The post The Loan Officer’s Guide to Appraisals Part 4: Tips for a Successful Reconsideration of Value appeared first on Riverfront Appraisals. But don’t let the name fool you. Even though we’re […].
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For the past six months, I’ve been blogging with the purpose of assisting loan officers to better understand the appraisal process. So far, we’ve covered final inspections, lending on unique homes, communication with the appraiser, reconsiderations of value, bracketing and FHA appraisals.
This post is part six of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. So far in our series, we’ve looked at final inspections, lending on unique homes, communication with the appraiser, reconsiderations of value and bracketing. […]. appeared first on Riverfront Appraisals.
This post is part five of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. So far in our series, we’ve looked at final inspections, lending on unique homes, communication with the appraiser, and reconsiderations of value. appeared first on Riverfront Appraisals. So if this is […].
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It has been my deepest honor to serve the American people at HUD, helping families secure affordable housing where they can grow and thrive and live with dignity, said HUD Agency Head, the Honorable Adrianne Todman.
Let’s examine eight different types of value and provide a high-level overview of each. Understanding MarketValueMarketvalue is the most frequently sought value in real propertyappraisals and can have various definitions. housingmarket has surged to a record $11.5
Binneys framing of the challenges that appraisers have faced around this thorny issue. Working RE is published for appraisers on both sides of the political aisle.) Appraisers being trapped in this is a big problem. . What happens to the housingmarket during a recession? What happens to homes prices and jobs?
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