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VA now accepting desktop and exterior-only appraisals

Housing Wire

This won’t apply for homes that are being renovated — the department was not immediately available to explain the logic of that choice — manufactured homes, or condominiums. The department is the latest federal mortgage player to back alternative appraisals. Freddie Mac has also ventured into hybrid appraisals.

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Like it or not, desktop appraisals are here to stay

Housing Wire

A recent federally commissioned report further detailed the appraisal industry’s dysfunctional regulatory regime. In October 2021, FHFA Acting Director Sandra Thompson announced to a crowd of mortgage industry professionals that desktop appraisals would become permanent, starting early in 2022.

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All You Need to Know About Reverse Mortgages Appraisal

AmeriMac

Are you considering a reverse mortgage but unsure of what role appraisal plays? In this post, we will cover everything you need to know about reverse mortgage appraisal. We will start by discussing the basics of reverse mortgages and who can benefit from them. Who Can Benefit from a Reverse Mortgage?

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All You Need to Know About Reverse Mortgage Appraisals

AmeriMac

Reverse mortgages are becoming an increasingly popular financial tool for homeowners over the age of 62 who want to access equity in their homes. One important aspect of the reverse mortgage process is the appraisal, which determines the value of the property and plays a crucial role in determining the size of the loan.

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Types of Appraisals that are in High Demand Due to COVID-19

Appraisal Hub

Many people lost their jobs—and this put homeowner who cannot keep up with their mortgage payments at risk of losing their property. There is also a higher demand for desktop appraisal services as well as commercial property appraisers in Toronto. Home and Mortgage Appraisals.

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The Appraiser-Agent Relationship: A Win-Win Approach

Birmingham Appraisal

This can come in the form of a pre-listing appraisal to help establish a market-supported asking price for the seller. The appraisal can also give potential buyers peace of mind that the home is accurately priced and will most likely not have any value issues when the mortgage appraisal is performed.

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Success with Relocation Appraisals: Key Strategies

AmeriMac

In this blog, we will delve into the world of relocation appraisals and explore their importance in the relocation industry. We will also discuss the key differences between relocation appraisals and mortgage appraisals to provide a comprehensive understanding of the appraisal process.