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24 Jul 2009, 2:36 pm
The lender will then refuse to loan more than the house is "worth," and the deal may end right there.Part of the issue is the new-ish federal Home Valuation Code of Conduct (passed by Congress in 2008), which requires that appraisals be done by someone chosen by an independent third party.According to recent reports by the National Association of Realtors (NAR), 37% of its surveyed members had "experienced at least one lost sale as a result of the new Home Valuation… [read post]
8 Apr 2008, 3:23 am
If the value isn't there, the loan will not be approved, if the loan is not approved, the Buyer invokes the contingency. if the Buyer invokes the contingency, the deal is (almost always) canceled.Back in February, I posted comments on a presentation made to the Illinois Real Estate Lawyers Association regarding mortgage appraisals in the current market. [read post]
2 Sep 2015, 9:30 am by Chip Merlin
As I stated in yesterday's post, Chip Merlin Speaking at the Insurance Appraisal and Umpire Association September 18 Meeting, umpires better show up so they to learn from me and not lose business. [read post]
6 May 2021, 3:19 pm by Chip Merlin
The Insurance Appraisal and Umpire Association held a training session in Orlando today. [read post]
15 Apr 2011, 6:11 pm
Doppelt & Associates can assist you with finding the right appraiser for whatever type of property has to be appraised in probate or trust administration or for a conservatorship. [read post]
28 Jan 2007, 8:59 pm
Even if copyright law isn't availing, traditional appraisers have other tools at their disposal, including: * providing services that online database providers can't, such as the increased accuracy associated with the onsite inspections [read post]
5 Nov 2020, 6:37 am
Related research from the Program on Corporate Governance includes Using the Deal Price for Determining “Fair Value” in Appraisal Proceedings (discussed on the Forum here) and Appraisal After Dell, both by Guhan Subramanian. [read post]
19 Feb 2013, 12:53 pm by Robert Trautmann
The carrier will argue, as they did in Museum Plaza Condominium Association, Inc. v. [read post]
9 Mar 2017, 9:10 pm by Edward Eshoo
In my last blog post, I discussed Windridge of Naperville Condominium Association v. [read post]
30 Aug 2012, 5:42 am by Larry Bache
The practical logic of compelling an appraisal to proceed even when issues of liability have been raised is explained in the case of Masonic Temple Association of Grand Rapids v. [read post]
29 Jan 2014, 11:38 am by Allison Tussey
The evidence established that McDaniel, a licensed real estate appraiser residing in West Virginia, and Weaver, a former appraisal associate of McDaniel, began to falsify appraisals for Webb and Alpine Properties. [read post]
16 May 2023, 3:00 am by Chip Merlin
Detroit is where the appraisal action will be next week when the Insurance Appraisal and Umpire Association (IAUA) holds its teaching and certification conference. [read post]
Note that the AMC minimum standards do not affect the responsibilities of banks, federal savings associations, state savings associations, bank holding companies, and credit unions for compliance with applicable regulations and guidance concerning appraisals. [read post]
30 Dec 2020, 11:24 am by Richard J. Andreano, Jr.
The FHFA also seeks input on the following specific issues: (1) the types of technology that could be used to facilitate appraisal process efficiencies to reduce strain on the appraisal supply chain when needed, (2) the types of qualified labor forces that could be employed in such an approach, including any impact their use may have on enforcement of appraisal standards and consumer protections, and (3) the need to provide valuation solutions that bridge the gap between… [read post]