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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Editor’s Note: The following Q&A with MARI results from its name coming up again and again as the source of complaints against appraisers. The responses are from Merle Sharick, Vice President – National Manager of Business Development, Mortgage Asset Research Institute (MARI), a ChoicePoint company. Mr. Sharick has been at MARI for four years, after...…
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Editor’s Note: You can find the class action, filed by a group of appraisers against FNC, Inc., at the bottom of this page. Federal Suit Alleges Misuse of Appraisers’ Data by FNC by David Brauner, Editor In a federal class action, a group of appraisers from across the country has filed a complaint against FNC,...…
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Reporting and Stopping Mortgage Fraud by David Brauner Like many appraisers, Pamela Crowley is fed up with pressure from lenders to make a deal work. Unlike most, she is doing something about the problem that is working. And not only working for her but for the entire industry- appraisers and lenders. Crowley’s solution is the...…
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