Comments for Metrowide Appraisals http://metrowide.org Minnesota FHA Appraisal | Wisconsin FHA Appraisal Wed, 20 Oct 2010 14:38:31 +0000 hourly 1 http://wordpress.org/?v=3.3.1 Comment on FHA says "no" to HVCC by Heidi http://metrowide.org/fha-appraisals/fha-says-no-to-hvcc/comment-page-1/#comment-18 Heidi Wed, 20 Oct 2010 14:38:31 +0000 http://metrowidemn.com/?p=389#comment-18 FHA is the original subprime from the 80s, it is nothing new:) FHA is the original subprime from the 80s, it is nothing new:)

]]> Comment on The Appraiser’s Biggest Obstacle: Realtors by Bryan McDonald http://metrowide.org/appraisal-inspections/appraisers-biggest-obstacle-realtors/comment-page-1/#comment-16 Bryan McDonald Fri, 11 Jun 2010 00:44:14 +0000 http://metrowide.org/?p=857#comment-16 These are definitely some of the challenges of today and I face these same challenges in my market. The last 4 FHA appraisal orders I have received were not even close to meeting the minimum requirements and both real estate agents had no idea what the min requirements were. These are definitely some of the challenges of today and I face these same challenges in my market. The last 4 FHA appraisal orders I have received were not even close to meeting the minimum requirements and both real estate agents had no idea what the min requirements were.

]]> Comment on FHA Appraisal Issues by The Appraiser’s Biggest Obstacle: Realtors | Metrowide Appraisals http://metrowide.org/fha-appraisals/fha-appraisal-issues/comment-page-1/#comment-15 The Appraiser’s Biggest Obstacle: Realtors | Metrowide Appraisals Wed, 09 Jun 2010 14:00:31 +0000 http://metrowidemn.com/?p=324#comment-15 [...] Not all houses (even newer ones) will pass an FHA appraisal inspection. Seems like an easy concept to grasp, right? I recently inspected a property built in 2004 that had four issues. They could have easily been fixed prior to my arrival, but now I get to charge $100 more for a re-inspection. The furnace didn’t ignite (propane was shut off), hot water heater didn’t work (pilot wasn’t lit), upper level patio door could open fully but there was no deck, and there was an electrical wire laying on the garage floor. Here are some more common FHA appraisal issues. [...] [...] Not all houses (even newer ones) will pass an FHA appraisal inspection. Seems like an easy concept to grasp, right? I recently inspected a property built in 2004 that had four issues. They could have easily been fixed prior to my arrival, but now I get to charge $100 more for a re-inspection. The furnace didn’t ignite (propane was shut off), hot water heater didn’t work (pilot wasn’t lit), upper level patio door could open fully but there was no deck, and there was an electrical wire laying on the garage floor. Here are some more common FHA appraisal issues. [...]

]]> Comment on Is the Appraiser Qualified? by Ben Goheen http://metrowide.org/appraisal-inspections/is-the-appraiser-qualified/comment-page-1/#comment-14 Ben Goheen Fri, 16 Apr 2010 02:49:18 +0000 http://www.metrowidemn.com/?p=762#comment-14 Yes I did, thanks for the compliment. I just saw your post about creating the maps. Now I just need to figure out how to export all the addresses from my appraisal software into an Excel spreadsheet. Yes I did, thanks for the compliment.

I just saw your post about creating the maps. Now I just need to figure out how to export all the addresses from my appraisal software into an Excel spreadsheet.

]]> Comment on Is the Appraiser Qualified? by Bryan McDonald http://metrowide.org/appraisal-inspections/is-the-appraiser-qualified/comment-page-1/#comment-13 Bryan McDonald Fri, 16 Apr 2010 01:33:28 +0000 http://www.metrowidemn.com/?p=762#comment-13 Did you redesign your website recently? It looks good. This is good info. I just wrote a blog post about appraiser geographical competency and how how to map all of the properties you have appraised in Google Maps. This might also help to demonstrate your qualifications. Did you redesign your website recently? It looks good.

This is good info. I just wrote a blog post about appraiser geographical competency and how how to map all of the properties you have appraised in Google Maps. This might also help to demonstrate your qualifications.

]]> Comment on Help the Appraiser Kill Your Deal by Internet Banking http://metrowide.org/appraisal-inspections/help-appraisers-kill-your-deal/comment-page-1/#comment-8 Internet Banking Thu, 04 Feb 2010 08:01:44 +0000 http://metrowidemn.com/?p=380#comment-8 Just blowing some in between class time on Digg and I found your post . Not typically what I like to learn about, but it was absolutely worth my time. Thanks. Just blowing some in between class time on Digg and I found your post . Not typically what I like to learn about, but it was absolutely worth my time. Thanks.

]]> Comment on FHA says "no" to HVCC by Ben Goheen http://metrowide.org/fha-appraisals/fha-says-no-to-hvcc/comment-page-1/#comment-7 Ben Goheen Fri, 09 Oct 2009 13:43:10 +0000 http://metrowidemn.com/?p=389#comment-7 I wrote this article for <a href="http://agentgenius.com/real-estate-mortgage-economy/mortgage/fha-says-no-to-hvcc/" rel="nofollow">Agent Genius</a> at the end of August. It scheduled to post here a few weeks ago and now is obviously somewhat dated. I recall reading somewhere that HUD is pushing back the implementation of this to later next year. If that's the case then the 'rules' may change several times. I wrote this article for Agent Genius at the end of August. It scheduled to post here a few weeks ago and now is obviously somewhat dated. I recall reading somewhere that HUD is pushing back the implementation of this to later next year. If that's the case then the 'rules' may change several times.

]]> Comment on FHA says "no" to HVCC by Brian http://metrowide.org/fha-appraisals/fha-says-no-to-hvcc/comment-page-1/#comment-6 Brian Fri, 09 Oct 2009 13:13:02 +0000 http://metrowidemn.com/?p=389#comment-6 You might have missed the Mortagee letter sent from HUD two weeks ago stating otherwise. While the notice did not specifically reference the HVCC guidelines, it did mention that brokers would no longer be able to order appraisals. There were a number of other new "rules" that were clearly adopted from the HVCC code. You might have missed the Mortagee letter sent from HUD two weeks ago stating otherwise. While the notice did not specifically reference the HVCC guidelines, it did mention that brokers would no longer be able to order appraisals. There were a number of other new “rules” that were clearly adopted from the HVCC code.

]]> Comment on Blame the Appraiser by Ben Goheen http://metrowide.org/news/blame-the-appraiser/comment-page-1/#comment-5 Ben Goheen Thu, 08 Oct 2009 01:32:25 +0000 http://metrowidemn.com/?p=350#comment-5 It just goes to show you that real estate is truly local. There ARE neighborhoods in the Mpls/St. Paul market that have 80% + lender owned sales. <br><br>Your peers are the exception to the rule for sure - I didn't hear one peep when the market was booming about overvalued homes. Unfortunately the HVCC is here and we need to make the best of it for now. I completely agree the AMCs are gouging both borrowers and appraisers. See if any of your clients are willing to use <a href="https://www.appraisalfirewall.com" rel="nofollow">https://www.appraisalfirewall.com</a> - seems to be a reasonable alternative. It just goes to show you that real estate is truly local. There ARE neighborhoods in the Mpls/St. Paul market that have 80% + lender owned sales.

Your peers are the exception to the rule for sure – I didn't hear one peep when the market was booming about overvalued homes. Unfortunately the HVCC is here and we need to make the best of it for now. I completely agree the AMCs are gouging both borrowers and appraisers. See if any of your clients are willing to use https://www.appraisalfirewall.com – seems to be a reasonable alternative.

]]> Comment on Blame the Appraiser by Linda http://metrowide.org/news/blame-the-appraiser/comment-page-1/#comment-4 Linda Thu, 08 Oct 2009 00:46:33 +0000 http://metrowidemn.com/?p=350#comment-4 When a neighborhood (subdivision particularly) is riddled with REO, HUD, and short sales, it's dishonest not to use those sales. However, those subdivisions aren't typically the norm in most places. When it creeps up to 50% or more, I include them. "When in Rome" mentality. I understood Mr. Yun to be complaining about comparables that are REO etc when it might be the only one (or 2) in the neighborhood. That is not representive of the area's market. And yes, years ago, my peers and I were actually complaining about the overvaluation of homes. But the banks sure were eager to lend the funds! Up to 120%! That was not prudent banking. And it pushed those of us trying to be honest to the back of the line (or off the vendor list). HVCC was not necessary-laws were already in place, they just needed enforcing. Now we have well over 250+ AMCs wanting their piece of the pie at the appraisers' income and homeowners' expense. Please join us on Twitter at the #appraiser twibe - it's a pretty active site. We're pretty outspoken and share good information. When a neighborhood (subdivision particularly) is riddled with REO, HUD, and short sales, it's dishonest not to use those sales. However, those subdivisions aren't typically the norm in most places. When it creeps up to 50% or more, I include them. “When in Rome” mentality. I understood Mr. Yun to be complaining about comparables that are REO etc when it might be the only one (or 2) in the neighborhood. That is not representive of the area's market. And yes, years ago, my peers and I were actually complaining about the overvaluation of homes. But the banks sure were eager to lend the funds! Up to 120%! That was not prudent banking. And it pushed those of us trying to be honest to the back of the line (or off the vendor list). HVCC was not necessary-laws were already in place, they just needed enforcing. Now we have well over 250+ AMCs wanting their piece of the pie at the appraisers' income and homeowners' expense. Please join us on Twitter at the #appraiser twibe – it's a pretty active site. We're pretty outspoken and share good information.

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