SHORT SALE APPRAISALS We are seeing a recurring issue in trying to close deals when there is a third party approval required (Short Sale). The lender (servicer, investor, MI company, etc) is countering the offer with an inflated value on the property. When we challenge the counter by pointing out that the comparable properties don't support their inflated counter offer the lender invariably Continue Reading
home appraisals - Page 2
Where Appraisals Stand in Our Downward Market At the Moment
Where Appraisals Stand in Our Downward Market At the Moment I really have a genuine empathy for appraisers. We know that there job is difficult and tedious. I also know that they are currently faced with great challenges. The currently downward market presents a challenge that seems to be insurmountable. When given the task of appraising a home that is currently occupied and in good or great Continue Reading