Sentences with phrase «by licensed appraisers»

If you're planning to use an FHA loan to buy a house, the home will have to be appraised by a licensed appraiser.

Appraisal: Mortgage lenders require a residential appraisal performed by a licensed appraiser for establishing the value of your property and the amount of your mortgage.

If you're planning to use an FHA loan to buy a house, the home will have to be appraised by a licensed appraiser.

Typically it takes a few weeks for the appraisal to be completed by a licensed appraiser, as the process needs to go through several regulations.

by a licensed appraiser.

The appraised value of a house is the result of a home appraisal, which is conducted by a licensed appraiser.

An appraisal must be performed by a licensed appraiser.

Not exact matches

You and your estate will never owe more than the fair market value of the home as determined by a licensed FHA - certified appraiser when the reverse mortgage loan becomes due and payable.

As a government - insured non-recourse loan, a reverse mortgage will not require repayment of more than the fair - market value of the home as determined by a licensed FHA - certified appraiser.

They're so common that purchase offers are typically written with a contingency clause stating that the offer is subject to a satisfactory inspection by a licensed home appraiser.

By law, mortgage companies can not complete their own appraisals so many hire an appraisal management company (AMC) to handle the work which, in turn, gives the work to a licensed professional appraiser.

Appraisal is the report performed by a licensed, certified appraiser that provides an estimate of the current market value of your home on a specific date.

Licensed appraisers assigned by Appraisal Management Companies and who are familiar with home values in subject area perform appraisals.

Appraised value is determined by a licensed real estate appraiser and is used primarily for determining whether or not a mortgage should be issued and for what amount.

They hire a licensed home appraiser to do the appraisal, once a purchase agreement has been signed by both the buyer and seller.

Appraisal An opinion by a licensed real estate appraiser regarding the fair market value of a property.

(4) Appraisal fees paid to persons licensed under the provisions of the Alabama Real Estate Appraisers Act, whether or not the appraiser is employed by or otherwise related to the creditor; and

Uniform Residential Appraisal Report (Fannie Mae form 1004) must be completed by an approved, licensed appraiser.

Sterling Talent Solutions» comprehensive employment background checks help appraisers, real estate agents and other contractors meet the mounting requirements by state licensing boards and major lending institutions to provide a background check as part of their professional profile.

By law, an appraiser must be state licensed to perform appraisals prepared for federally related transactions.

The lender will order an appraisal, to be paid for by the buyer, and a licensed appraiser will assess the chosen property.

Real property appraisers, like real estate practitioners, are licensed and regulated by state government agencies; but they also must operate under federal guidelines, including the Uniform Standards of Professional Appraisal Practice, which includes all - encompassing rules that define and govern ethics and competency.

When you have the opportunity to choose or recommend an appraiser, do your homework first by checking state licensing boards or consumer protection agencies and asking trusted colleagues for referrals.

I was an assistant builder in my father's new home construction business; a licensed tradesman thereafter, a Realtor from 1980 to 1983 wherein said time frame I had started my own brokerage (Bell Real Estate Inc.) after being in the business only eighteen months via a partner's (Evelyn Bell) brokerage licence, only to walk away from it when interest rates hit 22 %, a conciliator / inspector with the Ontario New Home Warranty Program (now TARION), establishing the top conciliation record in Ontario out of 56 conciliators from day one on the job, a national warranty adjuster for PAFCO Insurance (now defunct after having been bought out by a U.S. conglomerate), an appraiser affiliated with the Appraisal institue of Canada, as well as a recent Realtor (again) with Century 21 United Realty Inc. in Peterbough, Ontario.

Appraiser licensing is by state, but minimum licensing requirements (made mandatory by Dodd - Frank) are set by a national board called the Appraiser Qualifications Board, which receives input from another national board, the Appraisal Subcommittee, whose members are appointed by federal mortgage regulators.

Mark Simpson, Fannie Mae's director of credit policy, says Form 2075 inspections will need to be performed by state licensed or certified appraisers.

Appraisal: An appraisal is prepared by a licensed or certified appraiser and is an opinion of a property's value.

Where relevant, we present information on Realtors ® in subgroups based on the license held by members of NAR: a broker, broker - associate, sales agent or appraiser license.

o Fact: Regardless of whether an AMC is used, lenders are not permitted to influence the value of a home, and licensed and certified appraisers are required by law to follow strict guidelines (i.e. the Uniform Standards of Professional Appraisal Practice) that guarantee an unbiased and meaningful analysis of value.

BPOs are often used by lenders and mortgage companies to avoid the expense or delay of an appraisal and are often completed by real estate professionals and not licensed appraisers.

The National Association of Real Estate Appraisers (NAREA), a professional society based in Alexandria, MN, confers the designation of Certified Real Estate Appraiser (CREA) to candidates who are state licensed or certified, pay annual membership dues and are accepted by the NAREA.

A professional appraisal report performed by a qualified, state - licensed appraiser can provide you with an objective, third party opinion of a property's current Market Value.

They're so common that purchase offers are typically written with a contingency clause stating that the offer is subject to a satisfactory inspection by a licensed home appraiser.

The programs listed below include the Qualifying Education (QE) courses required by the TALCB to earn a Texas Real Estate Appraiser Trainee license all the way up to a Certified Residential Appraisal Llicense all the way up to a Certified Residential Appraisal LicenseLicense.

By law, mortgage companies can not complete their own appraisals so many hire an appraisal management company (AMC) to handle the work which, in turn, gives the work to a licensed professional appraiser.

In accordance with the current law appraisers of property should be accredited and licensed by the state within which they want to work.

The appraised value, on the other hand, must be issued by a licensed home appraiser.

In either case, the home buyer should monitor the appraisals for fair treatment in relation to similar houses in the surrounding area and in view of the standards set for appraisers by state licensing boards.

«For commercial real estate transactions with a value at or below the proposed threshold, the amended rule would require institutions to obtain an evaluation of the real property collateral that is consistent with safe and sound banking practices if the institution does not obtain an appraisal by a state certified or licensed appraiser.»

So now you know the difference between a zestimate and an appraisal by a local licensed professional appraiser.

Appraisals normally are performed by licensed professionals that are supposed to give valid, independent valuations of property — but it's very clear that over the past few years, many licensed, and in some instances unlicensed, appraisers have made mistakes — lots of these appraisers have intentionally given bad appraisals to make deals happen for realtors, banks and for their own gain.

• An Appraisal is an opinion of value performed by a professional state - licensed or - certified appraiser.

A state certified appraiser or a state licensed appraiser may not be excluded from consideration for an assignment for a federally related transaction solely by virtue of membership or lack of membership in any particular appraisal organization.

(e) Appraiser panel means a network, list or roster of licensed or certified appraisers approved by an AMC to perform appraisals as independent contractors for the AMC.

(ii) Prescribes which categories of federally related transactions shall be appraised by a state certified appraiser and which by a state licensed appraiser; and