by hmsdesign | Apr 3, 2020 | Blog, Misceallaneous
There is a long standing myth that the tax department provides the “Official Record” for square footage. It took off in the early nineties when tax departments first went online. This misinformation has now grown to a nationwide belief and this misconception causes...
by hmsdesign | Aug 21, 2019 | Blog, Misceallaneous, Real Estate
In one swoop of the pen, the Federal Deposit Insurance Commission (FDIC) Board of Directors, decided that home mortgages will no longer need to obtain an appraisal for loans under $400,000. With this increased threshold, apx. 72-75% of all home mortgage transactions...
by hmsdesign | May 19, 2019 | Blog, Misceallaneous, Real Estate
Bifurcated appraisals are just one more step in a master plan to eliminate appraisers from the mortgage lending process. At the end of all the discussions, any changes to the appraisal industry are not about improving the process but about who profits from that...
by hmsdesign | Mar 20, 2019 | Blog, Misceallaneous
For Agents or Owners: CMA, BPO, AVM? I just want to know the fair value of my home. Too many real estate agents don’t measure homes any longer and when they create a value for you, they base it on the square footage in tax records. Guess what? The square...
by hmsdesign | Jan 29, 2019 | Blog, Misceallaneous
Let’s talk about walk through inspections, measuring homes, and completing all aspects of an appraisal assignment we put our signatures on. We can all see the ever growing wave of Hybrid Appraisal products. So, let’s talk about the one number at the start of every...
by hmsdesign | Dec 17, 2018 | Blog, Misceallaneous
Big Banks are tricking appraisers into providing the very information they perceive they need to put appraisers out of business. There are countless new programs coming out and made available to appraisers, so they can fine-tune the formulas and help to make the...
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