Well, its been almost one year since HVCC has been in effect (come May 1, 2010 it will be 1 year). The question everybody is asking is: Are we better off? From my own experience as an appraiser I have to say “No”. Since the HVCC was put into motion I have seen average appraisal [...]
Entries Tagged as 'Alabama Mortgage Loans'
HVCC One Year Later:Are We Better Off?
April 6th, 2010 by Tom Horn · 6 Comments · Appraisal
Tags:Alabama·Alabama Mortgage Loans·appraiser experience·appraiser qualifications·Birmingham Alabama Real Estate Appraiser·geographic competence·hvcc·Qualifications·Quality Appraisals·Real Estate·Tom Horn
FHA Tip: Turn The Water On To Save Your Borrower Money
March 14th, 2010 by Tom Horn · 4 Comments · Appraisal Tips
I recently did an FHA appraisal on a property. The home was relativily new so there were not major issues with peeling paint, inadequate electrical service, or other typical concerns. The only issue was the fact that the water had not been turned on. The property was a foreclosure so this is not untypical, however [...]
Tags:Alabama·Alabama FHA appraisals·Alabama Mortgage Loans·Appraisal·Appraisal Inspection·FHA·FHA Loans·FHA Requirements·FHA Tips·HUD Minimum Property Requirements·MPR·Realtor Tips·Tips
Is Peeling Paint Killing Your FHA Loan?
February 27th, 2010 by Tom Horn · 7 Comments · Appraisal
I recently did an inspection for an appraisal on an FHA refinance loan. It was an older home that had been undergoing some updates and renovations. One of the biggest problems I see on older homes, and one which this home had, is peeling and chipping paint. This is not an issue with conventional loans [...]
Tags:Alabama·Alabama Mortgage Loans·FHA·FHA Requirements·FHA Tips·HUD·Lead Paint·MPR·Paint·Tom Horn
