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Georgia looks to protect residents from title theft with new law

Housing Wire

Georgia House Bill 1292 was enacted to ensure that the persons presenting electronic documents for recording provide identifying information, according to the state Legislature. Title theft occurs when a criminal impersonates a property owner and sells or takes out a second mortgage on the owners property.

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Will AI solve the problem of appraisal bias?

Housing Wire

The “science” is driven by hard data and analytics: previous home sales, combined with information about the property and location. The appraisal comes in $40,000 below market value, and, as a result, the home sells for a lower price. An AVM will use this sale record as part of the formula to estimate value.

Appraisal 505
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Who Needs Appraiser’s When One Has Cash?

Cleveland Appraisal Blog

While it may seem like many buyers don’t care about what the market value of a home is, I think that we must be careful to not make that assumption. There is a lot of information that an appraisal can provide, which can be helpful to lenders and homeowners. MARKET TRENDS. I hope you enjoyed that musical interlude!

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Fannie Mae: Appraisals are no longer the default option

Housing Wire

As such, we are transitioning to a range of options to establish a property’s market value, with the option matching the risk of the collateral and the loan transaction,” Fannie Mae states in its release. “We are on a journey of continuous improvement to make the home valuation process more efficient and accurate.

Appraisal 482
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3 Things An Appraisal Should Tell You That You May Not Know

Cleveland Appraisal Blog

Slap a few sales in a report, and make a few guesstimate adjustments to come up with their opinion of a property’s value? The research and analysis that a well-trained professional appraiser can provide you with will include important information above and beyond their opinion of the market value of the property they are appraising.

Appraisal 353
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28,000 Reasons to Have Your Home Measured Before You List It

Cleveland Appraisal Blog

That way of measuring the market can lead to an opinion of value that is in the ballpark of a home’s market value. If someone wants to use this method for pricing a home, there is one piece of information that is incredibly important to get right. Information in public records is usually free.

Appraisal 418
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FHFA’s RFI on appraisals is a critical inflection point

Housing Wire

One significant factor behind the lack of evolution in the appraisal industry is that the American housing market has grown at a much higher rate than the pool of licensed professionals that are legally certified to appraise residential real estate. Navigating appraisal challenges in today’s housing market.

Appraisal 370