Bloated Appraisals Go On Weight Loss Program In Cali Posted By : Lee Cameron
Bloated Appraisals Go On Weight Loss Program In Cali Posted By : Lee Cameron
As Americans watch their real estate markets fail and friends foreclose, many are asking what went wrong? Lately, the spotlight has swung to over-inflated appraisals and inherent pressure on appraisers to “hit the number” when drawing up their reports. This month, California was among the first states to pass a bill making these fat appraisals illegal.
Does The Appraisal Industry Need Legal Help? Posted By : Samantha Taylor
There are some lenders who intentionally ask appraisers to lower the value because they feel the latter have used bad comps that were not legitimate or even comps that didnt exist. The appraisers then have to redo the appraisal after which the value comes out to be much lower as expected by the lender.
Appraisals - The Three Most Common Approaches in Determining Value Posted By : Blake Vanderhyde
Today, home buyers and sellers are constantly inundated with information from a variety of sources. Finding an answer to a simple question is sometimes very difficult. For example, one question that comes up frequently is how is the value of a home determined? The short answer is that there are several different approaches. One approach is to seek an appraisal.
The Real Estate Appraisal Process Posted By : Harry Davis
Real estate appraisal is the practice of developing an opinion of the value of real property, usually its Market Value. Real estate appraisal is a service performed by an appraiser that determines valuation (what property is worth) based upon its highest and best use and the use of three basic techniques or approaches to value.
What is A Home Appraisal? Posted By : Greg E. Sullivan
You are ready to make that big purchase, maybe it is your dream home or it could be an investment piece of real estate. Whichever it may be, the purchase of real estate is a complex financial transaction that requires multiple parties to pull it off.
