Blog archives from 2009

How do appraiser’s determine a homes value?
Oct
6

How do appraiser’s determine a homes value?

This question comes up more frequently with buyers now especially with the many changes to the way banks are doing business these days. In answer to this, a detailed description of appraiser’s approaches to determining a home’s value are below. Each comparable sale that is utilized must be analyzed for differences and similarities between it and the property being appraised. The appraiser must make appropriate adjustments for location, terms, and conditions of the sale, date of sale, and physical characteristics.


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Short Sales Are About to Increase
Oct
2

Short Sales Are About to Increase

Get ready for the short sales. According to a Treasury spokeswoman, Treasury officials will soon announce a $2,500 subsidy ($1,000 to the servicer and $1,500 to the seller) to encourage short sales as a way to clear the excess inventory. The fees are designed to help compensate the servicer for the extra effort, and to incent the seller to be cooperative and leave the home in good condition. Presumably, the Treasury is trying to help facilitate a transaction that will result in less loss to the lender than in the case of a foreclosure.


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Jan said
"Running out to my recycle container right now to check. Helpful article. " about Recycling: A Refresher Course
on Monday, July 19, 2010 @ 9:50 PM

Shirley said
"I heard they are considering extending this credit past November. Heard anything like this?" about Six Critical Things You Need to Know to Get the $8000 Buyer Credit
on Wednesday, September 30, 2009 @ 7:57 AM

Steven said
"Well, time will tell I guess. For my sake I hope it's true but I have a feeling the high end market is going to come down in price for the next several years. " about
on Wednesday, September 30, 2009 @ 7:56 AM

Micah said
"Keep posting more articles like this. Question, does a short sale offer delay the foreclosure process??" about New Foreclosure Rules In Washington Assist Homeowners
on Wednesday, September 30, 2009 @ 7:54 AM

Jessica said
"This will be even more true when the price of gas jumps to seven dollars a gallon!" about Homes with High Walk-ability Worth More
on Wednesday, September 30, 2009 @ 7:52 AM