The services listed above are provided solely for informational purposes and are not intended for use in federally related transactions regulated by Government-Sponsored Enterprises (GSEs) such as Fannie Mae (FNMA), Freddie Mac (FHLMC), the FHA or HUD. which have specific guidelines and requirements that must be followed for appraisals related to their transactions.
It is common practice for lenders, banks, and mortgage companies to rely on Appraisal Management Companies (AMCs) for their expertise in coordinating appraisals and ensuring adherence to industry standards and regulatory guidelines. These entities have specific processes and protocols in place to work with AMCs to obtain reliable and unbiased appraisal reports.
If you are involved in a federally related transaction, it is likely that the lender or mortgage company you are working with will engage the services of an AMC to manage the appraisal process. This is done to ensure compliance, objectivity, and adherence to the guidelines set forth by regulatory authorities.
We recommend consulting with your lender or mortgage company to understand their specific procedures and requirements for obtaining an appraisal in federally related transactions. They will be able to provide you with detailed information on how the appraisal process is handled, including the involvement of an AMC.
Please feel free to contact us for any additional information or clarification.
Disclaimer
Unfortunately, there will be a time when many of us have to deal with the passing of a family member. I provide retrospective / date of death appraisals that help meet IRS requirements.
Check with your CPA or trust administrator to ensure the type of appraisal required such as an Exterior Only Inspection or a Full Inspection.
I can also provide appraisal services for estate and trust planning, but again, check with your CPA or attorney to confirm if this service is necessary.
Edit
If you feel your property taxes are too high, an appraisal can help to appeal the taxes.
Most counties base the assessed value of a property based on it’s prior sale price and adjust for inflation. So, if you bought your house 20 years ago, your taxes are probably low.
A more recent purchase would result in higher taxes and given inflation rates in the last couple years (2022-2024), your property may be over assessed.
An appraisal would provide support for an appeal if the current market value is lower than the assessed value.
I can provide an appraisal for this purpose, but I do not go to the county to appeal the taxes.
A pre-listing or pre-offer appraisal can help to expedite a purchase transaction and provide either party additional confidence in the purchase price. This is not a replacement for a lender required appraisal, it only serves to ensure the list price is reasonable.
Our comprehensive appraisal reviews aid in managing and evaluating real estate assets effectively, assisting with investment decisions and portfolio management.
A Pre-Foreclosure appraisal for a private party can help the borrower to decide the best course of action for their current situation.
Appraisals for REO and Asset Management purposes can help the servicing company or management company to properly arrive at a list and/or sale price.
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A review of an appraisal for forensic purposes can help the client to ascertain if the original valuation was reasonable and whether lender guidelines were met.
My expertise can help you obtain reliable valuations for securing lines of credit based on the market value of your residential property.
In addition to our standard services, we also offer specialized appraisal reviews for private parties who have concerns about potential fair housing violations. We understand that fairness and unbiased evaluations are crucial in all situations. Our Certified General Real Estate Appraiser has the expertise to assess properties objectively, taking into account all relevant factors while adhering to fair housing regulations and guidelines.
The services listed above are provided solely for informational purposes and are not intended for use in federally related transactions regulated by Government-Sponsored Enterprises (GSEs) such as Fannie Mae (FNMA), Freddie Mac (FHLMC), the FHA or HUD. which have specific guidelines and requirements that must be followed for appraisals related to their transactions.
It is common practice for lenders, banks, and mortgage companies to rely on Appraisal Management Companies (AMCs) for their expertise in coordinating appraisals and ensuring adherence to industry standards and regulatory guidelines. These entities have specific processes and protocols in place to work with AMCs to obtain reliable and unbiased appraisal reports.
If you are involved in a federally related transaction, it is likely that the lender or mortgage company you are working with will engage the services of an AMC to manage the appraisal process. This is done to ensure compliance, objectivity, and adherence to the guidelines set forth by regulatory authorities.
We recommend consulting with your lender or mortgage company to understand their specific procedures and requirements for obtaining an appraisal in federally related transactions. They will be able to provide you with detailed information on how the appraisal process is handled, including the involvement of an AMC.
Please feel free to contact us for any additional information or clarification.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.