Tag Archive for: appraisal issues

Bigger House Vs. Smaller House +In-Law Unit; Price Per Acre Issues

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Several months ago, I blogged about a 3,700 square foot property that appraised for far less than the owner thought it would because it was really a 2,300 square foot […]Read More

Mortgage Bank Vs. Broker Vs. Commercial Bank; There Is A Difference

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There are three primary channels for funding mortgages: (1) Commercial Banks, (2) Mortgage Banks, and (3) Brokers. There are significant differences between the channels. Commercial Banks dominated the mortgage world […]Read More

Danger! Dry Rot! This Deck Will Kill You! (Condition Flags)

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We recently had an appraiser visit a condo for an “as is” purchase appraisal, and there was a large sign stapled to the deck that said: “Danger. Dry Rot. Do […]Read More

Major Appraisal Issues; Please Read; Not Market Value; Other Issues

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As predicted, we are seeing many more appraisal issues surface this year. A few reminders/things to note: 1. Appraised value often does NOT reflect market value. This scenario surfaces all […]Read More

Appraisal Issues and Reviews More Prevalent in 2016

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We are seeing appraisal issues surface much more frequently lately. These include many more underwriter requests for 2nd appraisals or formal appraisal reviews, as well as low appraisals. A major […]Read More