Archives

February 2014

Buyers: More objectivity now between lenders and appraisers. (02/27/14)

Understanding the appraisal process, and how property value is determined, can not only be confusing, but also may open the way towards challenging “short appraisals.” According to an article in The Seattle Times, “Appraisal lowdown,” it’s best that buyers start with a clear understanding of that all-important number as it relates to financing a property. For starters, an ‘appraisal’ reflects the value in…

New federal ruling puts all appraisal data in hands of buyers. (02/06/4)

Sometimes it’s confusing to homebuyers when the topic of an appraisal comes up, particularly with the new federal rule as it relates to the home mortgage: will they receive a fair report, and what rights do they have to challenge their appraisals? Up until January 18th of this year, mortgage lenders were tight-fisted about appraisals…