Entries from Searchlight Crusade tagged with 'appraisal'

Sellers Lending to Buyers Then Selling the Note

I am seeking to sell my properties to my tenants. I want to create a mortgage and then sell the mortgages. Properties are undervalued in this area as they have been historically fixer-uppers. Ours are in very good condition...

Why Do I Have to Pay For The Appraisal When I Canceled Escrow?

I got an ill-mannered complaint email about how an evil loan officer from another company ordered the appraisal without waiting for the inspection to be done, and it turned out there was a minor problem that the seller likely could...

The Measurement Unit For Desirability Is Dollars

I have been asked by more than one person how to measure desirability of real estate objectively. Fortunately, the Phoenicians did all the hard work for me three thousand years ago when they invented money. Precisely what that measurement unit...

Buyer's Appraisal versus Seller's Appraisal

My husband and I are currently in escrow with the sale of our home in California. Our buyers have been " difficult" to say the least. The buyers appraisal of our property came in $6,000 below the selling price...

When The Appraisal Is Below The Purchase Price for Real Estate

what happens when house doesn't appraise? I presume this question meant "for the necessary value according to the lender's guidelines". Lenders base their evaluation of a property upon the standard accountant's "Lower of Cost or Market." This is intentionally...

The Measurement Unit For Desirability Is Dollars

I have been asked by more than one person how to measure desirability of real estate objectively. Fortunately, the Phoenicians did all the hard work for me three thousand years ago when they invented money. Precisely what that measurement unit...

The Appraisal and Appraisers

Of all the issues having to do with a mortgage, the appraisal generates more overblown problems than any other part of the process. It's also one of the most critical areas to handle correctly. There are reasons for this: It...

Appraisal Fraud

This article is a reprint. I enjoyed finding your blog today. It was enlightening, particularly in the area of real estate appraisals. Mortgage fraud is something I've been reading about lately. Since the FBI says 80% of it involves collusion...

Appraisers Speak Out Against "Make The Deal"

Appraisers Petition Against "Make The Deal" I've spoken about these issues before in this post. I've certainly heard of plenty of abuse on both sides of this equation, and there is plenty of motivation for lenders and brokers to abuse...

Buyer's Appraisal versus Seller's Appraisal

My husband and I are currently in escrow with the sale of our home in California. Our buyers have been " difficult" to say the least. The buyers appraisal of our property came in $6,000 below the selling price...

Sellers Lending to Buyers and Selling the Note

I am seeking to sell my properties to my tenants. I want to create a mortgage and then sell the mortgages. Properties are undervalued in this area as they have been historically fixer-uppers. Ours are in very good condition...

Why Do I Have to Pay For The Appraisal When I Cancelled Escrow?

I got an ill-mannered complaint email about how an evil loan officer from another company ordered the appraisal without waiting for the inspection to be done, and it turned out there was a minor problem that the seller likely could...

"I'll Pay For Your Appraisal" From a Loan Provider

This is one of those commercial gambits I keep seeing that has nothing intrinsically wrong with it, and yet it is most often a tactic employed by the more costly loan providers. In short, sharks and scam artists. The basic...

When The Appraisal Is Below The Purchase Price for Real Estate

what happens when house doesn't appraise? I presume this question meant "for the necessary value according to the lender's guidelines". Lenders base their evaluation of a property upon the standard accountant's "Lower of Cost or Market." This is intentionally...

Links and Minifeatures 06 24/25 Late Saturday Night/Early Sunday morning

Navy Missile Intercept Test Successful Good. Looks like we need it more than ever. Japan evidently agrees. ********** The real agenda slips out: No Iran nuclear suspension even after talks: official. In short, they are not willing to suspend enrichment....

Appraisal Fraud

I enjoyed finding your blog today. It was enlightening, particularly in the area of real estate appraisals. Mortgage fraud is something I've been reading about lately. Since the FBI says 80% of it involves collusion and usually with the...

Appraisers Speak Out Against "Make The Deal"

Appraisers Petition Against "Make The Deal" I've spoken about these issues before in this post. I've certainly heard of plenty of abuse on both sides of this equation, and there is plenty of motivation for lenders to abuse the situation...

Loan Qualification Standards - "Loanbusters"

This is definitely not a "Who you gonna call?" I've done a couple articles in the recent past on the two ratios, debt to income and loan to value. Nonetheless, there exist a plethora of reasons why someone can be...

Loan Qualification Standards - Loan to Value Ratio

Many folks have no idea how qualified they are as borrowers. There are two ratios that, together with credit score, tell how qualified you are for a loan. The more important of these two ratios is Debt-to-Income ratio, usually abbreviated...

Appraisers Speak Out

Appraisers Petition Against "Make The Deal" I've spoken about these issues before in this post. I've certainly heard of plenty of abuse on both sides of this equation, and there is plenty of motivation for lenders to abuse the situation...