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Robert Murphy, Director, Property Valuation & Eligibility at Fannie Mae, says appraisers are being held to a higher standard these days, thanks to the Uniform Mortgage Data Program and Uniform Appraisal Dataset, better known as UAD. Here’s what you should know.
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Editor’s Note: This is a side by side comparison of the Scope of Practice documents of several home inspector associations: AII, ASHI, NACHI, NAHI. Author Michael O’Handley offers several caveats: the comparison was completed in 2006, with the associations making minor changes since. Also, the comparison is based on O’Handley’s interpretation of the documents, which…
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Working RE Fall/Winter 2013 Find these articles in the new edition of Working RE. OREP insureds and Working RE subscribers enjoy guaranteed delivery of the print magazine as part of their member benefits. • Lenders up to Old Tricks? Ex-Chief Appraiser Sues Stearns Lending • Estimating External Obsolescence • “Low Bid” Appraisal Ordering and Its…
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Alternately, you can envision this hard time as an opportunity to position yourself with a slightly modified appraisal practice in the near future.
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The unique roles of a home inspector and agent in a real estate transaction are each clearly defined. But there can be times when one professional steps on the other’s toes. Take fees for instance.
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Can an inspector be sued for just about anything? The answer is, unfortunately, yes.
It’s a fact of life that a home inspector is likely to find some issues with the house he or she is inspecting. Inspectors know that even new construction has problems! If it’s an inspector’s job to report issues to potential buyers…
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Click to Read Current Issue >> Click to Print >> Am I a Working RE Subscriber? >> SEO-Enhanced Appraiser Websites Editor’s Note: Here is some food for thought from appraiser Dustin Harris. His suggestion makes sense from a valuation perspective and also might release some of the…
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Click to Read Current Issue >> Click to Print >>Am I a Working RE Subscriber? >> SEO-Enhanced Appraiser Websites Editor’s Note: This story first appeared in Working RE, Spring 2013. Click here for subscription details. Six Ways to Stay Out of Trouble by Larry Disney My first…
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Industry News – Volume 17 States Fighting Back Ohio Attorney General Marc Dann has filed a lawsuit against 10 mortgage firms under the state’s new predatory lending law. The firms are being accused of influencing appraisers to “puff up” their property appraisals above market value. This has resulted in buyers owing more than the property’s…
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