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Johnson City, NY 13790 Nov 23, 2012 As we discussed last month, the drop in housing starts post-crisis has made housing inventory scarce. The following chart takes a closer look at what’s happening in Nashville:
Using the HP12C Financial Calculator (GE-3) 15 hours Isaac Peck is the Associate Editor of Working RE Magazine and Marketing Coordinator at, a leading provider of E&O Insurance for appraisers, inspectors, and other real estate professionals in 49 states. He received his Bachelors in Business Management at San Diego State University. He can be contacted at or (888) 347-5273.
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Two critical elements of appraising manufactured homes, the HUD data plate and HUD label will be reviewed and explained. Now that we have gained a general understanding of manufactured homes, it is time to review the specific requirements for appraising them according to Fannie Mae, FHA, USDA and VA. 
The Sales Comparison Approach Last week, I presented Part One in a series of articles to help expand your knowledge and understanding of HUD REO (Real Estate Owned) Sales for purposes of FHA lending. This week, in part two of the series, you’ll find further explanation of the appraiser’s responsibilities in regards to the HUD REO appraisal requirements.
Resources (547) The lack of willingness to engage in a transaction by any particular party should not enter into a determination of the fair market value of the subject interest, else the behavioral requirements of the definition are not met. Finding that a seller would not sell because the price is “too low” or that a buyer would not buy because the price is “too high” implies analysis of the motivation of specific sellers or buyers, ignores the need to consider hypothetical sellers and hypothetical buyers, and introduces elements of speculation and subjectivity not contemplated by the definition of fair market value.
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Awnings The FHA permits only one FHA mortgage at a time for a borrower except for four (4) exceptions. Best Value Teams Assessors – Many of the employees of the ad valorem tax assessor’s office have real estate appraisal training. The techniques are different (mass appraisal) than the fee appraiser but the concepts are the same.
See full technical specs » G Austin, Texas 78750 Thanks TRo for the comment. The auction homes tend to sell really low. I hear agents talk about Freddie Mac really dumping their properties too. I tend to watch closely to see if there is any distinction between Freddie & Fannie. That’s a pretty big difference you noted. Was the first appraisal actually a full inspection and everything? $168 to $219 is quite the gap… Yikes. Sorry to hear about that situation.
Universal Life Insurance See your other thread where you asked the same question. It appears you are well on your way to doing your last REO assignment.
District of Columbia Meta Personal Injury lawyers in Marietta Georgia Mortgage lender reviews During the inspection, the appraiser will take pictures and measurements and ask you about major improvements since you purchased the home. An appraiser’s job is to determine if certain aspects of your home (like the condition, yard, amenities, or other features) make the house worth more or less than other houses in the neighborhood. Within a few weeks, the appraiser will complete a report with a detailed valuation of your property.
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How to Tell When It’s Time to Reduce the Price of Your Home Renew a License Wage-earner income can be complicated when trying to determine the correct income calculation method. There are so many terms we hear in conjunction with income calculation such as: bi-weekly, semi-monthly, wage earner, base salary, and hourly wage. But what do these terms really mean and how do we apply them when calculating income?
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6.1K Ratings Budget & Finance 24h Vol: Academy & Events Gerard (Gerry) Glavey is Senior Vice President / Chief Credit Officer for LoanLogics. Gerry has decades of experience working in residential mortgage credit and compliance and brings insights that few in the industry can match. In his role, he develops new services and provides support for all post close quality control and quality assurance, pre-close quality control, due diligence services, and document processing services. He spent 37 years with the US Department of Housing and Urban Development, where most recently he was the Director, Processing and Underwriting Division for the Home Ownership Center (HOC) in Philadelphia. In this capacity, Mr. Glavey was responsible for the administration of all HUD/FHA Single Family Loan Origination activities, including underwriting, appraisal and endorsement for the 16 state jurisdiction of this HOC.
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Gain a deeper understanding of the definition of fraud, and how it applies in mortgage lending and appraising With minor investment in repairs – to offload the home quickly, seemingly to someone inclined to finish the job themselves
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