Tag Archive for: appraisal values

Are Lenders Allowed To Speak With Appraisers?

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Prior to 2008, if you walked through the halls of any mortgage business, you would hear loan officers on the phone with appraisers cajoling them to give them a value they needed for a refinance or a high purchase price. Most appraisers pushed back, but they also knew that if they didn’t play ball, they might not get more orders.Read More

Why Appraisers Don’t Appraise Over The Contract Price

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Some of our borrowers, who are well aware of comparable sales and market conditions, often become very frustrated when appraisers fail to appraise the homes they are buying for more than the contract price. SIDEBAR #1: Will Capital Investment Save The Economy? James Thorne is one of many who think it will, posting, "Ignore the bubble calls. We have a Goldilocks economy and capex super cycle.” Mr. Thorne, like President Trump, believes that the massive amount of investment for AI, energy, and the reshoring of manufacturing (by other countries) will keep the economy humming.Read More