Help appraisers: List short sale/foreclosure condition in MLS
Help appraisers: List short sale/foreclosure condition in MLS
|
Appraisals study: The impact of HVCC
Appraisals study: The impact of HVCC
|
Bill seeks to suspend HVCC appraisals
Bill seeks to suspend HVCC appraisals
|
Appraisals roil real estate deals
Lower-than-expected property valuations are becoming a severe roadblock to home purchases and refinancing.
|
Realtors, mortgage brokers push for delay in new appraisal rules
On May 1, Fannie Mae and Freddie Mac plan to implement new real estate appraisal rules that, among other things, require lenders to order valuations from third-party appraisal management companies. However, NAR is asking for a one-year moratorium on the regulations.
|
DBPR accelerates licensing for appraisers, approves FSU pilot program
ORLANDO, Fla. – March 9, 2009 – College graduates hoping to become real estate appraisers may be able to go through an accelerated licensing process under a new initiative, which seeks to eliminate submission of college transcripts as part of the application. The Florida Department of Business and Professional Regulation’s (DBPR) Division of Real Estate recently completed a pilot program with Florida State University to pre-certify the educational requirement for graduates based on university degree requirements.
|
HVCC appraisal rules effective May 1
WASHINGTON – March 2, 2009 – Effective May 1, 2009, all home sales backed by Fannie Mae and Freddie Mac must follow the Home Valuation Code of Conduct (HVCC). Federal Housing Administration (FHA) and Federal Home Loan Bank (FHLB) mortgages are not covered in the agreement.
|
New appraisal regulations under fire
WASHINGTON – Feb. 16, 2009 – Beginning May 1, the responsibility for managing home appraisals will move to a middleman, known as appraisal management companies or AMCs.
|
Crist signs real estate bills into law
TALLAHASSEE, Fla. – June 18, 2008 – Gov. Charlie Crist signed one of FAR’s top legislative initiatives yesterday: Florida’s “highest and best use” property assessment standard will become fairer on Sept. 1, 2008, under HB 909 by Rep. Peter Nehr (R-Tarpon Springs). Starting in September, the state will retain the “highest and best use” standard, but “best use” has been clarified and, for property tax purposes, must adhere to reasonable and fair standards.
|
Martinez introduces appraiser bill in U.S. Senate
WASHINGTON – April 16, 2008 – U.S. Sen. Mel Martinez (R-FL) joined with Senator Bob Casey (D-PA) in introducing legislation to reform the home appraisal process to deter appraisal fraud schemes – the “Fair Value and Independent Appraisal Act.”
|
Appraisers say pressure is nothing new
NEW YORK – Nov. 7, 2007 – Real estate appraisers all over the country defended themselves in the wake of a suit filed last week against eAppraiselT, a subsidiary of First American Corp., by New York’s attorney general, saying they had bowed to pressure to inflate prices.
|
Self-employed are victims of tougher mortgage market
WASHINGTON – Oct. 4, 2007 – It is growing increasingly difficult for the self-employed to get a mortgage.
|
BUILD A TEAM
Realty firms looking to develop a strong team of associates or implement a marketing plan need a strategy that helps them achieve their goals.
|
BURN, BABY, BURN
About 500 Bay County residents are mad as heck about property taxes and they’re not going to take it anymore. A local group, the Bay Tax Foundation, hosted a burning of TRIM (truth in millage) notices on Saturday at Big City Fish on 23rd Street in Panama City.
|
Appraisers seek curbs on lender pressure
WASHINGTON – April 20, 2007 – The four biggest trade groups representing appraisers believe that inflated property valuations have been one of the main driving factors behind the surge in foreclosures by financially strapped borrowers.
|
Inflation pressure
A new survey from October Research Corp. reveals that 90 percent of real estate appraisers were pressured by mortgage brokers, realty agents, lenders and/or consumers to inflate property values, up from 55 percent in 2003.
|
Poll finds consumers confident of home values
Americans remain highly confident about the nation’s housing prospects – more than four out of five homeowners expect the value of their home to appreciate over the next five years, and nearly seven out of 10 consider it their most valuable investment.
|
Property taxes seem high? Fight back
If property taxes seem unusually high on a property, look for ways to trim them. Here are three things that could lead to a change in an assessment.
|
Get a Clue
You can avoid nasty surprises by encouraging your homebuyers to review a home's CLUE report, an acronym for ChoicePoint Asset Co.’s Comprehensive Loss Underwriting Exchange history. |
© 2009 Florida Realtors®