Comments on: New Appraisal Rules For Real Estate Creating Worse Issues For Industry http://www.therealestatebloggers.com/2009/08/19/new-appraisal-rules-for-real-estate-creating-worse-issues-for-industry/ Real Estate Blog, Mortgage, and Development News Sat, 20 Mar 2010 11:25:08 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Johnson County KS Real Estate http://www.therealestatebloggers.com/2009/08/19/new-appraisal-rules-for-real-estate-creating-worse-issues-for-industry/comment-page-1/#comment-406126 Johnson County KS Real Estate Fri, 28 Aug 2009 23:52:41 +0000 http://www.therealestatebloggers.com/2009/08/19/new-appraisal-rules-for-real-estate-creating-worse-issues-for-industry/#comment-406126 Thanks for this article, I've been reading quite a bit about this issue. Do you think that this is the next big stumbling block in this profession? Or is this appraisal issue something that can be overcome easily? Thanks for this article, I’ve been reading quite a bit about this issue. Do you think that this is the next big stumbling block in this profession? Or is this appraisal issue something that can be overcome easily?

]]> By: Robert Mack http://www.therealestatebloggers.com/2009/08/19/new-appraisal-rules-for-real-estate-creating-worse-issues-for-industry/comment-page-1/#comment-405939 Robert Mack Thu, 27 Aug 2009 22:55:32 +0000 http://www.therealestatebloggers.com/2009/08/19/new-appraisal-rules-for-real-estate-creating-worse-issues-for-industry/#comment-405939 The new rules are definately creating issues with my current transactions and I agree with you 100% when you say, "This is not the recipe for an effective market". I have been getting appraisers assigned to the properties I sell from over 50 miles away, and it just doesn't make sense. Thanks for the post! The new rules are definately creating issues with my current transactions and I agree with you 100% when you say, “This is not the recipe for an effective market”. I have been getting appraisers assigned to the properties I sell from over 50 miles away, and it just doesn’t make sense. Thanks for the post!

]]> By: Summary of the week's Real Estate Related News - August 26,2009 | Memphis Real Estate Buzz http://www.therealestatebloggers.com/2009/08/19/new-appraisal-rules-for-real-estate-creating-worse-issues-for-industry/comment-page-1/#comment-405819 Summary of the week's Real Estate Related News - August 26,2009 | Memphis Real Estate Buzz Wed, 26 Aug 2009 21:53:51 +0000 http://www.therealestatebloggers.com/2009/08/19/new-appraisal-rules-for-real-estate-creating-worse-issues-for-industry/#comment-405819 [...] New Appraisal Rules For Real Estate Creating Worse Issues For Industry : The Real Estate Bloggers “Appraisals have been a sore spot in the real estate market in the past decade. When things were booming, pressure was placed on appraisers to make the value hit the loan amount. This caused prices and values of properties to skyrocket. Then when the downturn hit, appraisers realized their culpability in the boom and tightened their standards. Real estate agents were bamboozled as property sales were constantly getting stuck at the appraisal stage as the values were regularly coming in under the loan amount. ” [...] [...] New Appraisal Rules For Real Estate Creating Worse Issues For Industry : The Real Estate Bloggers “Appraisals have been a sore spot in the real estate market in the past decade. When things were booming, pressure was placed on appraisers to make the value hit the loan amount. This caused prices and values of properties to skyrocket. Then when the downturn hit, appraisers realized their culpability in the boom and tightened their standards. Real estate agents were bamboozled as property sales were constantly getting stuck at the appraisal stage as the values were regularly coming in under the loan amount. ” [...]

]]> By: Baltimore Homes http://www.therealestatebloggers.com/2009/08/19/new-appraisal-rules-for-real-estate-creating-worse-issues-for-industry/comment-page-1/#comment-404869 Baltimore Homes Sun, 23 Aug 2009 12:24:00 +0000 http://www.therealestatebloggers.com/2009/08/19/new-appraisal-rules-for-real-estate-creating-worse-issues-for-industry/#comment-404869 The issue is when your property is appraised, the lender will order an appraisal through a secondary company. This order it then referred to a local appraisal company and then an appraiser. The appraisal is usually completed and review by the local appraisal company, referal company and then is sent to the bank. The process is very time consuming and slows the buying process. Furthermore, you can forget disputing the value like we did in the old days. The issue is when your property is appraised, the lender will order an appraisal through a secondary company. This order it then referred to a local appraisal company and then an appraiser. The appraisal is usually completed and review by the local appraisal company, referal company and then is sent to the bank. The process is very time consuming and slows the buying process. Furthermore, you can forget disputing the value like we did in the old days.

]]> By: Daily summary of real estate news, Memphis comments, and other interesting stuff – August 21st, 4:02am | Memphis Real Estate Buzz http://www.therealestatebloggers.com/2009/08/19/new-appraisal-rules-for-real-estate-creating-worse-issues-for-industry/comment-page-1/#comment-404363 Daily summary of real estate news, Memphis comments, and other interesting stuff – August 21st, 4:02am | Memphis Real Estate Buzz Fri, 21 Aug 2009 09:10:05 +0000 http://www.therealestatebloggers.com/2009/08/19/new-appraisal-rules-for-real-estate-creating-worse-issues-for-industry/#comment-404363 [...] New Appraisal Rules For Real Estate Creating Worse Issues For Industry : The Real Estate Bloggers "Appraisals have been a sore spot in the real estate market in the past decade. When things [...] [...] New Appraisal Rules For Real Estate Creating Worse Issues For Industry : The Real Estate Bloggers "Appraisals have been a sore spot in the real estate market in the past decade. When things [...]

]]> By: Afternoon Real Estate News: 8/20/09 « AccuriZ http://www.therealestatebloggers.com/2009/08/19/new-appraisal-rules-for-real-estate-creating-worse-issues-for-industry/comment-page-1/#comment-404123 Afternoon Real Estate News: 8/20/09 « AccuriZ Thu, 20 Aug 2009 15:51:23 +0000 http://www.therealestatebloggers.com/2009/08/19/new-appraisal-rules-for-real-estate-creating-worse-issues-for-industry/#comment-404123 [...] New Appraisal Rules for Real Estate Creating Worse Issues [...] [...] New Appraisal Rules for Real Estate Creating Worse Issues [...]

]]> By: Jason Sandquist http://www.therealestatebloggers.com/2009/08/19/new-appraisal-rules-for-real-estate-creating-worse-issues-for-industry/comment-page-1/#comment-403894 Jason Sandquist Thu, 20 Aug 2009 02:29:04 +0000 http://www.therealestatebloggers.com/2009/08/19/new-appraisal-rules-for-real-estate-creating-worse-issues-for-industry/#comment-403894 I haven't had any issues yet with appraisers... yet. Finding underwriters are beginning to be the silent deal killers. I haven’t had any issues yet with appraisers… yet. Finding underwriters are beginning to be the silent deal killers.

]]> By: M Realty http://www.therealestatebloggers.com/2009/08/19/new-appraisal-rules-for-real-estate-creating-worse-issues-for-industry/comment-page-1/#comment-403702 M Realty Wed, 19 Aug 2009 16:30:16 +0000 http://www.therealestatebloggers.com/2009/08/19/new-appraisal-rules-for-real-estate-creating-worse-issues-for-industry/#comment-403702 Yeah, I have heard nothing but complaints on the new rules. A mortgage broker friend of mine was ranting about it the other day, and about how much extra work it can cause him sometimes. -Tyler Yeah, I have heard nothing but complaints on the new rules. A mortgage broker friend of mine was ranting about it the other day, and about how much extra work it can cause him sometimes.

-Tyler

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