Appraisal Buzz

FEBRUARY 3, 2025

Tax liens may be imposed for the purpose of collecting delinquent taxes which are owed on real property or personal property, or it may be imposed as a result of a failure to pay income taxes, or as a result of a failure to pay other taxes.

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Marketing Agents Realty Real Estate 221

Cleveland Appraisal Blog

APRIL 11, 2023

With the massive amount of technology available to anyone who can access the internet, you might wonder why bother getting a real property appraisal? With a few quick online searches, in most areas, you can find the parcel number, legal description, and even some potentially comparable sales. Isn’t that all that appraisers do?

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Appraisal Market Value Legal Property Appraisal 358

Cleveland Appraisal Blog

JUNE 23, 2023

Start thinking about the financing options available, such as mortgages, loans, and grants, and the associated interest rates, repayment terms, and fees. Land ownership comes with legal obligations which can change quite a lot depending on where you are buying land. Is it sustainable? What are the local regulations?

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Property Taxes Legal Law Property Appraisal 196

Cleveland Appraisal Blog

AUGUST 25, 2022

When you’re about to buy your first real property outside of your primary residence, you should know whether you’re going into it with the intention of renting or if you want to flip and make an immediate profit. This means on a $250,000 property, you’ll have to have a minimum of $37,500 in cash for the banks to even consider a loan.

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Investing Renovations Landlords Real Estate 337

Appraisal Buzz

FEBRUARY 10, 2025

Fortunately, enough time has finally passed, which allowed the California Mortgage Association (CMA) to sponsor Senate Bill 1146 (SB 1146), which, among other things, puts a small investor that makes and services seven or fewer loans a year in the same compliance bucket as loan servicers who conduct less than 175 annual foreclosures.

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Law Investors Legal Real Property 221

The Robert Weiler Company

JANUARY 2, 2021

You may have noticed by now that a land contract sounds similar to a mortgage. The big difference is that you are not borrowing money from a bank or lender and paying back the purchase price plus your mortgage payments to the bank. Buyers can claim property taxes, the value of improvement projects (i.e., Tax advantages.

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Contracts Tenants Legal Sellers 143

Simonson Real Estate

JULY 10, 2020

An appraisal is an objective, impartial, and unbiased opinion about the value of real property prepared by a State Licensed or Certified professional appraiser. It is beneficial and can save time and avoid follow-up questions and scope of work revisions to identify the actual property to be appraised. Value Scenarios.

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Appraisal Process Appraisal Market Value Tenants 148

McKissock

MAY 14, 2023

for mortgage financing purposes or tax assessment appeal purposes) Identification/brief description of the property appraised Real property interest appraised (e.g., fee simple, leased fee, etc.) population, news articles, economic data, internet searches, etc.)

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Appraisal Appraisal Process Property Appraisal Real Property 87

Town & Country Residential Appraisals

MARCH 27, 2023

Moving it would mean it wasn't attached to a permanent foundation and therefore, is viewed more as personal property and not real property. Additionally, the manufactured home must be a one-unit dwelling that is legally classified as real property and cannot include an accessory dwelling unit.

Finance 56

Finance Real Property Legal Buyers 56

Empire Appraisal Group

JULY 1, 2021

While appraisers can’t discuss comparable properties, Bradley said agents can still provide MLS data sheets with brief explanations of why similar homes are relevant to your listing, such as whether they were built by the same builder, have a remodeled kitchen, or involve other comparable elements.

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Agents Appraisal Real Estate Realtors 78

Appraisal Today

JULY 12, 2024

NOTE: Please scroll down to read the other topics in this long blog post on Easement Liability, college degree requirement AQB, Fannie June Update, ADUs, unusual homes, mortgage origination stats, etc == = Renovated Modernist Mansion in Salt Lake City for $3.699M Excerpts: 4 bedrooms, 4 baths, 4,660 sq.ft., Mortgage applications decreased 0.2

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Appraisal Design Contracts Business 75

McKissock

AUGUST 13, 2021

Secondly, the appraiser is likely familiar with the local real estate contract forms, customary terms, and conditions of real estate transactions in the area, and might be able to identify irregularities and comment on them. ” McKissock has offered courses on mortgage fraud for decades.

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Contracts Appraisal Market Value Real Estate 64

McKissock

SEPTEMBER 20, 2021

In its Standard of Practice 1-2, “client” means persons or entities with which the Realtor® has an “agency or legally recognized non-agency relationship.” Article 2 requires honest communications regarding a seller’s property. This includes “opinions of real property value or price.”

Real Estate 58

Real Estate Clients Real Estate Agent Realtors 58

Lamacchia Realty

APRIL 4, 2024

When it comes to real property (including a home or land), there are different kinds of ownership that help the courts determine who the executors of an estate sale will be: Sole Ownership – This is when a property is owned by one individual. They will be your best resource for the legalities of an estate sale.

Tenants 57

Tenants Realtors Legal Real Estate 57

The Robert Weiler Company

OCTOBER 15, 2021

As such, you must determine how involved you will be in the day-to-day administration of your property. If you are purchasing the commercial property for your business purposes, you must be prepared to keep that space occupied. The mortgage payments, utility fees, and maintenance costs are all on your shoulders. 1031 Exchanges.

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Investing Real Estate Tenants Investors 138

Simonson Real Estate

DECEMBER 6, 2022

It is very helpful and can save time and avoid later questions and scope of work revisions to identify the actual property to be appraised. Helpful information includes tax parcel numbers, legal descriptions, number of buildings, building size, etc. Key Appraisal Items to Communicate. Clarify What Value or Values are Needed.

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Appraisal Process Real Estate Appraisal Renovations 78

Will Springer Realtor

AUGUST 2, 2022

COVENANTS, CONDITIONS & REGULATIONS: Better known as CC&Rs , they are a declaration of rules and restrictions on property owners – typically seen within a shared living community such as a condominium. EASEMENTS: An irrevocable right to use some part of another person’s real property for a particular purpose.

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Easement Sellers Legal Buyers 36

Appraisal Today

APRIL 1, 2023

Appraisers are often subpoenaed in legal disputes involving third parties, usually being tied to the dispute for no other reason than having appraised a property involved in the dispute. This statement definitely applies in the appraisal of real property. Higher mortgage rates triggered a drop in demand.

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Appraisal Business Marketing Mortgage 52

The Robert Weiler Company

SEPTEMBER 7, 2022

Low mortgage rates have steadied, welcoming batches of new buyers eager to own a home in the market. Let’s dive into what real estate agents can expect from the Buckeye State as we continue in 2022. A land contract is a legal agreement used to purchase real estate through owner financing.

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Marketing Real Estate Investing Retail 78

Property Metrics

DECEMBER 10, 2021

1031 ), which defines the conditions for tax deferral on the sale of real estate. In other words, taxes can be deferred on the profitable sale of a commercial property as long as the proceeds are “exchanged” into a new property of “like kind” that is held for investment purposes.

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Investors Market Value Investing Real Estate 36

Appraisal Today

FEBRUARY 21, 2025

Massive FHA cuts would create dysfunction for mortgage industry, homeowners: ex-official Builder Confidence Falls to the Lowest Levels Since May 2024 Mortgage applications decreased 6.6 Moreover, appraisers must conduct each of the four tests on the real property as if vacant, and as improved.

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52

Housing Wire

NOVEMBER 30, 2023

Real Estate Law: Covers Real Estate Law and Legal areas Impacting real estate professionals Examine the law of agency as applied to real estate brokers and sales personnel, law of fixtures, estates, mortgages and liens, OH license laws of Ohio, zoning & more.

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Real Estate Real Estate Agent Law Inspection 448

Appraisal Today

SEPTEMBER 9, 2022

NOTE: Please scroll down to read the other topics in this long blog post on Value Reconciliation, non-lender appraisals, liabililty, USPAP, unusual homes, mortgage origination stats, etc. =. Mortgage applications decreased 0.8 Mortgage applications decreased 0.8 The refinance share of mortgage activity increased to 30.7

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Reconsideration of Value Appraisal Clients Contracts 52

Housing Wire

DECEMBER 2, 2024

Movement is constant in the mortgage industry. This movement of individuals, teams, branches, divisions and even companies occurs against the backdrop of legal issues that—if ignored or mishandled—can quickly undermine any anticipated benefits, particularly given the increasingly narrow margins for error.

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Mortgage Legal Sellers Business 397

Housing Wire

JANUARY 6, 2025

Introduction The mortgage industry is in constant flux, and talented loan originators and their teams are in high demand. Todays market rewards those originators who can secure steady pipelines of purchase mortgages and refinances from outside their employers existing portfolio. Nettleingham is a shareholder at Maddin Hauser.

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Mortgage Legal Business Loan Officers 418

Housing Wire

FEBRUARY 15, 2025

Its an open question as to whether Trump has the legal authority to shut down the CFPB since the bureau was created by Congress. This might cause mortgage-backed securities to be mispriced on the basis of inaccurate appraisal values. So, it’s a double-edged sword. These are homes, stores, offices and data centers.

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Appraisal Valuation Appraisal Process Government 333