Are you confused about FHA appraisal problems that can derail your loan? If you are a seller, buyer, agent, or loan officer and are concerned about FHA appraisal problems that can prevent or delay a loan closing then stick around because I’m going to share with you what I have seen as some of the […]
What are the rules for basement bedrooms?
March 23, 2016 By 15 Comments
Recent questions about the rules for basement bedrooms One question I seem to be getting a lot lately is related to the rules for basement bedrooms. The main source of these questions come from real estate agents that want to know if they can classify a room in the basement as a bedroom. I’m sure […]
Things agents do that appraisers hate
March 17, 2016 By 9 Comments
Things agents do that appraisers hate For the most part I haven’t had any major problems with most of the real estate agents I communicate with during my job as a real estate appraiser. With that being said, there have been instances where my peers have shared various things agents do that appraisers hate so […]
What is an appraisal review and why are they important?
March 8, 2016 By 12 Comments
What is an appraisal review? An appraisal review is pretty much what it sounds like. It is a “review” of an appraisal report that is done to make sure it meets specific underwriting guidelines and is usually part of a lender’s quality control program. If you’ve ever wondered who checks up to see if the […]
Appraisers, are you a trusted resource?
March 3, 2016 By 12 Comments
Serving the public as a trusted resource of information A call this week from an out of state homeowner prompted me to write this post today. Actually, it was not just this particular call but the culmination of many that got me to thinking that many appraisers may not be doing all they can to […]
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