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Preparing for appeal on commercial property tax cases
Posted Date: Monday, February 24, 2020
Valuation Review spoke with realquantum Chief Financial Officer Tim Keller about helping assessors prepare a strong defense in a commercial property tax appeal.
How involved should appraisers be in this process?
Read on to find out more.
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Solidifi exec outlines new construction assignment guidance
Posted Date: Wednesday, February 26, 2020
Valuation Review sat down with Solidifi Executive Vice President of Valuations Andrew Bough to discuss appraisal assignments for new construction homes.
He also shared just how rapidly these homes are going up in various markets across the country, and what appraisers need to know about handling these types of assignments.
Read on to hear what Bough told us.
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Economist outlines 2020 capital market behavior
Posted Date: Friday, February 14, 2020
Appraisers must not only stay abreast of real estate market conditions, but also the capital markets and how the availability of debt and equity capital can impact commercial real estate demand and prices.
Valuation Review reached out to CCIM Institute Chief Economist K.C. Conway, who in partnership with the Alabama Center for Real Estate at the University of Alabama, revealed important information appraisers will find helpful by way of his special report “Vector Calibration: 2020 Capital Markets.”
Read on to find out what market specifics Conway shared with us.
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TAF pleased Congress requested accountability for appraisal exemptions
Posted Date: Friday, February 14, 2020
The Appraisal Foundation (TAF) said it is pleased that Congress has requested the Government Accountability Office conduct a study pertaining to the 1989 law that set up appraisal regulations, Title XI of the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA), TAF announced in a release. Read on to find out more details and hear from TAF President David Bunton.
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Commercial valuation company announces new location
Posted Date: Wednesday, February 19, 2020
A commercial appraisal company is on the move.
Valbridge Property Advisors has a new location in St. Louis which is an expansion of its Valbridge Indiana office, the company announced in a press release.
Read on to learn more.
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Leagues echo CUNA support of NCUA’s appraisal proposal
Posted Date: Wednesday, February 19, 2020
The Credit Union National Association (CUNA) recently wrote in support of the National Credit Union Administration (NCUA’s) proposal to raise the residential appraisal threshold in early January, as CUNA originally requested the rule to give credit unions parity with banks. Read on to learn more.
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Appraisers not originally assigned can complete final report
Posted Date: Monday, February 24, 2020
Although it may not be the norm, it is more than permissible for appraisers to complete a final report for a property examined even though they weren’t the initial appraisers on the original report.
Dustin Harris, “The Appraiser Coach,” clears up any confusion about this topic that may be out there.
Read on to learn more.
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ASA, CaCAP agree on member benefit
Posted Date: Monday, February 24, 2020
In seeking to help the California Coalition of Appraisal Professionals (CaCAP) and their members during CaCAP’s winding down, the American Society of Appraisers (ASA) is offering all CaCAP members a free six-month trial of Ally Membership with ASA. Read on to learn more.
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Parties in LandSafe class action case settle
Posted Date: Wednesday, February 26, 2020
After almost seven years of hard fought litigation, plaintiffs reached a settlement in their class-action lawsuit against Countrywide, Bank of America and LandSafe Appraisal Services.
The agreement came 45 days from the scheduled trial date.
Read on for more details of the settlement.
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Zillow: Homes selling above list price reach three-year low
Posted Date: Monday, February 24, 2020
After some years reflecting intense bidding wars in a majority of the markets, housing returned to a more normal atmosphere with the smallest share of homes selling for above their listed prices last year, according to Zillow. Read on to learn more.
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MBA: Brokers, mortgage bankers see strong CRE activity
Posted Date: Friday, February 14, 2020
Despite threats of a potential market slowdown on the horizon, investment sales brokers and mortgage bankers are confident deal activity will remain strong this year, according to the Mortgage Bankers Association. Read on to learn more.
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Communication between all parties critical in new construction reports
Posted Date: Monday, March 2, 2020
Solidifi Executive Vice President of Valuations Andrew Bough returns to speak with Valuation Review about newly constructed homes.
Bough reminds appraisers that specifications surrounding these assignments can vary from lender to lender.
Read on for more of what he told us.
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Cordray book details his near-firing
Posted Date: Monday, March 2, 2020
In the new book released by Richard Cordray on his time as director of the Consumer Financial Protection Bureau, Cordray’s writing sounds much like his speeches and presentations during his time in office – thought out, straight forward and detailed.
So it comes as no surprise that nearly 200 pages into “Watchdog: How protecting consumers can save our families, our economy, and our democracy” the biggest revelation is mentioned with little buildup.
Read on for details from Cordray’s book, including the never-before-told story of how close he came to being fired.
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AMC welcomes new addition
Posted Date: Monday, March 2, 2020
MyAMC welcomed the addition of David Mentesana, vice president of client relationships, the company announced in a release. Read on to find out more information about this new company executive.
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Company whitepaper assists lenders with AVMs
Posted Date: Monday, March 2, 2020
Accurate Group released a new whitepaper with guidance to help lenders of all sizes determine how to implement automated valuation model workflows into their lending processes. Read on to learn more.
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Black Knight buys Quicken servicing software
Posted Date: Monday, March 2, 2020
In a move which the companies said expanded their partnership, Black Knight has bought servicing customer relationship management software which Quicken Loans had developed in-house. The software source code provides a number of tools which will serve as the foundation for a highly advanced customer service solution that Black Knight will be offering to clients of its industry-leading MSP servicing system, the companies said. Read on for more details about the expanded partnership.
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A firm grasp on one’s market helps in commercial appeal process
Posted Date: Wednesday, February 26, 2020
How much appraisers know about the market they work in can more than assist them when required to prove value in front of a judge or a board panel regarding commercial tax appeals.
Valuation Review gets more insightful information and advice from realquantum Chief Financial Officer Tim Keller, who says embracing this area of litigation only can benefit the appraiser.
Read on to learn more.
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Tech company aligns with NTREIS
Posted Date: Wednesday, February 26, 2020
Remine and North Texas Real Estate Information Systems (NTREIS) joined forces in implementing Remine’s add/edit and RESO Web API solution to better serve its 38,000 members. Read on to learn more about this technological partnership.
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Company launches program for private lenders
Posted Date: Wednesday, February 26, 2020
Noble Capital Group rolled out its nationwide lending initiative, the Private Lender Network (PLN), to finance real estate investment projects and provide growth-oriented support to private lenders in select markets across the United States. Read on to learn more.
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TCAD facing more problems
Posted Date: Monday, February 24, 2020
The Travis Central Appraisal District’s (TCAD) lack of access to market data on residential properties is not the only challenge the district has faced in recent months.
The TCAD chief appraiser also has been under fire, according to the Austin American-Statesman.
Read on to learn more.
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Newfi Lending selects new cloud-based platform
Posted Date: Monday, February 24, 2020
Newfi Lending has named OptifiNow as its integrated cloud-based sales and marketing platform to help manage the growth of their rapidly expanding wholesale mortgage lending business, according to the company’s release. Read on to learn more.
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FHA training session announced
Posted Date: Monday, February 24, 2020
The Federal Housing Administration will conduct a free appraisal training session in New York on March 18. This training is intended for appraisers and underwriters; however, other industry professionals including mortgage loan professionals, loan officers, and property inspectors may also benefit from attending. Read on to learn more and to register for this session.
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