Baton Rouge Appraiser Frustration Computers Questioning
Fannie Mae CU or Collateral Underwriter can be frustrating to Home Appraisers when their computer models try to second guess Appraiser’s judgment. Now computer models tell Appraisers the comps they should use instead of Appraiser Judgment For example, this past week, I performed a foreclosure purchase on a home obviously needing some repairs and on […]
Baton Rouge Appraiser USDA Rural Development Appraisal
USDA or Rural Development Home Appraisal Requirement follow the most current FHA appraisal requirements. In 2015, FHA increased appraisal standards and requirements for a house to qualify for FHA financing. Assuming the house actually meets each of these standards below, these are the new comments I’ve added to my Baton Rouge USDA Home Appraisal Reports […]
Baton Rouge FHA Appraiser New Report Commentary 2015
In 2015, FHA increased appraisal standards and requirements for a house to qualify for FHA financing. Assuming the house actually meets each of these standards below, these are the new comments I’ve added to my Baton Rouge FHA Home Appraisal Reports . As with any home purchase, new house or exiting house, I highly recommend a […]
4 REALTOR® Tips To Help Your Deals Appraise
There’s been HVCC, now Dodd-Frank, now TRID and Third Party this and Third Party that – AMCs (Appraisal Management Companies) to help create buffers in business between REALTORS® so those that service deals don’t become too cozy. My interpretation of Dodd-Frank law was that it was meant to right the wrongs of HVCC – to […]
Baton Rouge Appraiser Responds: Subjective Views can kill a home sale
Recently, the Washington Post and Ken Harney published, “Appraiser’s subjective view can kill a deal despite accord by buyer and seller”, see link at bottom. In this article, it talks about recent studies of adjustments to comparable sales used in appraisals and categorizes adjustments into two camps: objective and subjective. Dictionary definitions tend to lump […]
Lakepark Garden Homes Baton Rouge Be Careful of Pricing
I recently completed a Baton Rouge refinance home appraisal in Lakepark Garden Homes. Lakepark Garden Homes was developed in 1985 with some homes built, stalled building due to U.S. economic meltdown and resumed new homes in approximately 1992-1994. Homes range from 874sf to 2,373 sq. ft. average size 1357sf. The following is my report on […]