What is the Difference Between a Certified Appraiser and a Licensed Appraiser in Texas? Short answer: the amount of real estate appraiser education and training, as defined by the Texas Appraiser Licensing and Certification Board (TALCB). Also: the types of properties the appraiser can appraise. The table linked in from TALCB, above, provides the best [...]
Real Estate Appraisal Industry and News
FHA Approved Lenders and FHA Approved Homes in Texas?
Where is the list of FHA approved homes? How can you find a home that will qualify for an FHA loan? Read our list on how to buy a home with an FHA loan.
Shadow Inventory: What it Means for Texas Homeowners
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Shadow Inventory: Defined Shadow inventory is a real estate term that estimates: the number of properties owned by banks, PLUS the number of additional homes that have been foreclosed but are not yet on the market, PLUS properties where the owners are behind on their payments and will probably end up in foreclosure. As real [...]
Austin Condo Mortgage: Not Your Typical Home Loan
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Condo Loans and Condo Financing – Tougher to Get? Yes. A condo loan requires both the buyer and the condo association to qualify. Even a highly qualified buyer may not be able to purchase a condo, if the condo development is not as financially stable as a lender requires. Some Austin Condos Won’t Qualify Austin [...]
a la mode announces Mercury Network hit 10,000 per day
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[podcast]http://theappraisaliq.com/wp-content/uploads/2010/10/Mercury-Network-Ten-Thousand-a-day.mp3[/podcast] A la mode: An Excellent Alternative to AMCs for Lenders Have you heard of a la mode? If you haven’t, you might check on the bottom of any real estate-related paperwork you’ve handled recently – you may very well find a la mode’s name on some, or a lot of it. We use a [...]
Normal Appraisal Fees
What are Normal Appraisal Fees? Ah, good question and one that is getting asked a LOT since the HVCC/AMC debacle of 2009 (and most of 2010) that skewed the fees appraisers receive to the ridiculously low while at the same time hiking the fees consumers were charged. So the question really is, when the industry [...]
Appraisal Tools for Property Appraisals
The Best Appraisal Tools This year we have focused on integrating the newest and the best appraisal software and appraisal tools into our property appraisals business. Before we talk about modern appraisal tools, let’s take a trip down memory lane. Quick Clicks For Article Sections: Appraisal Tools: 1990s Appraisal Tools: 2010 The Appraisal Tools We [...]
Video for Signing up for The Mercury Network
Sign up for Appraisal Ordering via the Mercury Network Related Posts:Who Can Order an Appraisal?HVCC Compliance through the Mercury NetworkThe Mercury Network: Choose Your Local Appraiser AND Stay HVCC Compliant
Dodd-Frank a Win for Independent Fee Appraisers?
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Will Independent Fee Appraisers Recover Under HR4173? The Dodd-Frank Act may help appraisers and mortgage professionals re-gain some of the footing they lost with last year’s implementation of the HVCC. Go To: Appraisal Ordering for Regulatory Compliant Appraisals. We certainly hope so. 14 months and counting into the HVCC and mortgage professionals and appraisers are [...]
What is the HVCC?
The HVCC Explained The Federal Housing Finance Agency announced the HVCC in December of 2008 in a brief news release: FHFA Announces Home Valuation Code of Conduct. Where did the HVCC Come From? The HVCC is intended to protect appraiser independence by enacting a figurative “firewall” between appraisers and lenders to prevent lenders from pressuring [...]
HVCC Compliance through the Mercury Network
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HVCC Compliance is Easier Than You Thought The requirement for HVCC compliance is changing the way Appraisers, Lenders, Mortgage Brokers, Clients and REALTORS® interact to get the deal done. HVCC Compliance and appraiser independence can be maintained while still permitting Lenders and Mortgage Brokers to work with their preferred local appraisers. The Mercury Network The [...]
Approaches to Value
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Three Approaches to Value are used by Real Estate Appraisers to Determine the Market Value of Property: The Sales Comparison Approach The Cost Approach The Income Approach 1. The Sales Comparison Approach The most frequently-used and accepted approach to determining value in real estate appraisal practice is the sales comparison approach. This approach bases its [...]
Appraisal Inspection Overview
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An Appraisal Inspection Determines Property Size and Condition An Appraisal Inspection is a visit to the property being appraised to collect information that is used to determine the Market Value of a property in a real estate appraisal report. For a detailed list of the steps of an appraisal, including the appraisal inspection, please read [...]
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