by hmsdesign | Oct 3, 2022 | Blog, Real Estate
massive devastation to appraisers across the country
by hmsdesign | Apr 15, 2022 | Blog, Real Estate
Before 2022, appraisal reports contained an assortment of square footage details reported from different sources. The subject was measured by the “who knows what” method with different methodologies used all across the country. The comparables were a combination of...
by hmsdesign | Mar 11, 2022 | Real Estate
Starting April 1, 2022 Fannie Mae begins mandating the ANSI standard. This is a great time to read the standard, read a book, or take a class to refresh your knowledge of ANSI. The biggest mistake we’ve found to date is that people make a one line disclosure to...
by hmsdesign | Oct 25, 2021 | Blog, Real Estate
Is ANSI for Appraisers Really the Answer? The real estate industry has a square footage credibility problem. ANSI has been out since 1996 with no new pages added and very few changes. In a constantly changing industry with new home styles and designs, change is a...
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 | Aug 11, 2019 | Blog, Real Estate
So, you find a large Bonus Room above the garage and it is heated and cooled with a large hotel type system mounted in the wall. You wonder to yourself, is this space the same as if it had a traditional heat pump with vents in the floor or ceiling? The owner tells you...
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