Mortgage servicer Freddie Mac is hoping to automate home appraisals in an effort to speed up the closing process and reduce fees for home buyers.
Why one real estate agent rejected higher bids in favor of an all-cash offer
July 26, 2017 by
Dallas-based real estate agent Laura Barnett didn’t anticipate quite so much interest in a listing she put on the market just three weeks ago.
Fannie Mae Creates Blacklist for ‘Questionable’ Appraisers
January 30, 2014 by
Fannie Mae is at last taking action against appraisers deemed to have ‘questionable practices’, and has apparently created a blacklist of those who mortgage lenders and banks should be wary of doing business with.
Low Appraisals No Longer Causing Problems
May 17, 2013 by
Throughout the housing crisis, one of the biggest stumbling blocks faced by real estate agents, buyers and sellers alike has been the appraisal process. Would the appraised value be lower than the agreed sales price, and if so, how much lower would it be? It’s thought that thousands of potential transactions have been derailed due to lower-than-expected appraisals.
Challenging Low Appraisals: Think Like An Appraiser!
February 27, 2013 by
Problems with “low” appraisals continue to be an issue, and even more so in markets where home values appear to be on the rise. A rising market moves faster than the appraisals; consider that appraisers are required to use only closed sales
Heartbreak Hotel Awaits Some Spring Home Sellers
January 24, 2013 by
Over the next few months, many sellers will have their hearts broken. This will be primarily self-inflicted but much of it enabled by collaborating real estate agents. The hurt will come as a result of the positive real estate news splashed across the headlines.
Poor Appraisals Causing Home Sale Problems, Realtors Group Says
October 12, 2012 by
While the U.S. real estate market is showing signs of improvement, one of the biggest obstacles standing in the way of furthering recovery is bad appraisals, according to a survey released Thursday by the National Association of Realtors.
