Certified Real Estate Appraisals | Appraisals News for 07/16/2010



Fannie Mae tightens screws on appraisal guidelines
July 16--In a declining market where the most recent comparable sales may be a distressed sale a few blocks away, appraisers are finding themselves on the hot seat about their work...

The Trend Towards Truer Appraisals of Home Values
Used as benchmarks in home real estate appraisals, buyers and sellers never used to be concerned about EURcompsEUR when real estate values were on the upswing. In this soft market, mortgage lenders recently have begun making these ...

New requirements for credit report checks worry mortgage lenders - Debtmerica Relief (blog)

CalFinder (blog)

New requirements for credit report checks worry mortgage lenders
Debtmerica Relief (blog)
According to a report in the Chicago Tribune, Fannie Mae also recently tightened restrictions for appraisals of single-family homes because of a number of .
Were Fannie and Freddie Duped by the Big Banks?Housing Watch

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Hilco Real Estate and NNN Pro Group of Marcus & Millichap Sell 71 Bulk Petroleum Gas Stations for $12.4 Million
NORTHBROOK, lll.----Hilco Real Estate and its partner on this transaction, The NNN Pro Group, a division of Marcus & Millichap Real Estate Investment Services, recently closed the sale of 71 Bulk Petroleum gas stations...

Senate reviews Lihue land deal
The state Legislature appropriated $17.1 million in 2006 to buy 140 acres of land adjacent to Lihue Airport on Kauai for more parking, a new rental car facility, expanded helicopter operations and to protect the airport from urban encroachment...

Hilco Real Estate Announces Auction of Seven Bank Owned Properties
NORTHBROOK, lll.----Hilco Real Estate announced today that it will sell six land parcels, located in California, Louisiana and Nebraska, and a newly-renovated, 18,000 square foot fishing lodge in Alaska, through a sealed bid auction process...

Five file to run for St. Lucie County property appraiser - TCPalm

Five file to run for St. Lucie County property appraiser
TCPalm
But Walker said those costs will be absorbed in-house as only supplemental ballots that feature just the property appraiser's primary will be printed in the .

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Real Estate Appraising | Appraisals
The CFPA would have general oversight on home real estate appraisals and would be required to adopt rules and standards to guarantee "appraiser independence" from pressure by lenders, realty agents and others. Once the revised appraisal ...

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Metro disengaging from real estate consultants contract
Describing Metros agreement with its real estate consultant as a point of concern to the new Metro board, spokesman George Smalley said the transit agency is now in the process of disengaging from this contract...

Stolen baseball cards recovered but true value can't be measured for some - Enterprise News

Enterprise News

Stolen baseball cards recovered but true value can't be measured for some
Enterprise News
Filhman said the cards, based on two independent appraisals, are valued at $11000. The owner of the cards, who was not identified by police, was grateful .

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Fannie Mae tightens screws on appraisal guidelines - Chicago Tribune

Fannie Mae tightens screws on appraisal guidelines
Chicago Tribune
Fannie Mae just issued new requirements to help clarify single-family home appraisals, since it identified some issues in "post-purchase reviews of mortgage .

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REAL ESTATE AGENCIES
NEVSKY PROSTOR (show on map) Since 1996 year "NEVSKY PROSTOR" has been in the range of the top ten real estate companies. In 1998 "NEVSKY PROSTOR" became an official member of the Real Estate Association of Saint-Petersburg and started co-operation with The St.Petersburg Times...

City of New Orleans agrees to $16.25 million purchase of Methodist Hospital building
City negotiating with potential operators for new hospital, with plans to open an emergency department within a year and complete a full renovation in 2013..

Stock prices still have lower to go
It will likely be years before the market hits bottom and rebounds...

SANDERSON v. SANDERSON - Leagle.com

SANDERSON v. SANDERSON
Leagle.com
[ 2 ] James claimed that he notified Joseph in March 2006 that he intended to exercise his rights under the lien to have the home appraised, but that Joseph .

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Appraisal System | Appraisals
boston herald, united states - 5 minutes ago. by kenneth r. harney / the nation's housing how fresh are your EURÅcompsEUR -the comparable sales of properties used as benchmarks in home real estate appraisals . ...

a la mode Launches New Department for Mercury Network Client Relations
OKLAHOMA CITY, July 15 /PRNewswire/ -- a la mode today announced its new Client Relations department dedicated exclusively to Mercury Network clients. Mercury Network is the dominant online appraisal Vendor Management Platform (VMP), allowing lenders and AMCs to order and manage appraisals (using their own appraisers or accessing the largest nationwide appraiser network in Mercury), all while ...

Mortgage rates only part of deal - Pittsburgh Tribune-Review

Mortgage rates only part of deal
Pittsburgh Tribune-Review
While low credit scores have shut out some potential home buyers, appraisals on the house being purchased are hurting others, Honeywell said. .

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Fannie Mae will ban lenders from cutting appraised values - Examiner.com

Examiner.com

Fannie Mae will ban lenders from cutting appraised values
Examiner.com
The answer to this issue was passage of HVCC (Home Valuation Code of Conduct) which mandated that all appraisals for loans to be sold to Fannie and Freddie, .

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Homes taking about 65 days to sell in Fullerton
Like everything else in this unsettled real estate market, appraisals are one of the items that all parties have been putting a lot of extra work into. I'm currently in a transaction that has been quite eye-opening, to say the least. In any market, I...

US House To Push To Sunset Home Appraisal Code - Wall Street Journal

US House To Push To Sunset Home Appraisal Code
Wall Street Journal
The Home Valuation Code of Conduct, adopted in May 2009 to ensure appraisers' independence, bars mortgage brokers and bank-loan officers from selecting .

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To boost quality, Fannie Mae calls for experienced appraisers - Washington Post

To boost quality, Fannie Mae calls for experienced appraisers
Washington Post
This scenario is not unusual in many markets across the country, say home builders, brokers and appraisers. Here's one little-publicized reason why: Lenders .

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BANK BILL: How Bank Overhaul Will Change Mortgage Shopping - Wall Street Journal

BANK BILL: How Bank Overhaul Will Change Mortgage Shopping
Wall Street Journal
Also, a Consumer Financial Protection Bureau would be charged with overseeing consumer lending, and one of its tasks will be to create new home-appraisal .

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