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How Are My Property Taxes Calculated and How Do I Pay

How Are My Property Taxes Calculated and How Do I Pay

Homeownership comes with lots of new expenses and increased fees, like homeowner’s and title insurance, pricier utility bills, and property taxes. Even if you’re prepared for higher bills, it’s important to know exactly how much they’ll spike up. Especially when it...

What Happens if the Home’s Appraised Value Is Less Than My Offer?

What Happens if the Home’s Appraised Value Is Less Than My Offer?

The Buyer Home Appraisal Comes in Low This is a rather common nuisance that can throw a monkey wrench in the middle of negotiations or derail a deal altogether. Remember that the appraiser works for the bank to protect the bank’s interests, not yours. But you as the...

Benefits of a Home Appraisal

Benefits of a Home Appraisal

A home appraisal inspection is not the same as a home inspection. The home appraisal inspector works for the bank that will be lending you the money to purchase your new home. The main reason an inspection is required is that the bank wants to ensure that the money...

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Home Inspection vs Appraisal

Home Inspection vs Appraisal

Difference Between Home Appraisal and Inspection People often confuse home appraisals with home inspections, and even some unseasoned real estate...

North Dakota Seeks Waiver of Appraisal Requirements

North Dakota Seeks Waiver of Appraisal Requirements

A severe shortage of real estate appraisers has North Dakota officials making a request to waive appraisal reports, at least temporarily, on some residential loans. Banking regulators see the move as necessary. In some parts of the state, appraisal are reportedly...

North Dakota Seeks Waiver of Appraisal Requirements

Alternative Valuations Could Hurt RMBS Quality

Increased utilization of alternative real estate valuations could have a negative impact on the quality of residential mortgage-backed securities. But there are some positives to the shift. In an effort to cut operational costs, increase efficiencies and address the...

North Dakota Seeks Waiver of Appraisal Requirements

Appraisal Industry Innovations

Recent innovations in the home valuation industry include improvements to the appraisal review process, appraiser performance measurement and enhanced desktop appraisals. A desktop appraisal with a field inspection was announced on Oct. 25 by Nations Valuation...

North Dakota Seeks Waiver of Appraisal Requirements

Freddie Updates Appraisal Requirements

Updates are being made to the Federal Home Loan Mortgage Corp.'s appraisal policies. The change is being made to streamline requirements. Freddie Mac's underwriting guidelines require that a new appraisal is obtained when the settlement date is more than 120 days...

North Dakota Seeks Waiver of Appraisal Requirements

Bank Regulators Waive Appraisals in Hurricane Areas

In an effort to help the recovery of areas impacted by the recent hurricanes, federal banking regulators have temporarily waived the requirement for an appraisal. Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 requires federally...

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North Dakota Seeks Waiver of Appraisal Requirements
Third-Quarter 2012 Mortgage Litigation Index

Lawsuits involving excessive fees, servicing fees and loan fees beyond state maximums. Defendant Plaintiff Court Amount Overview Case Title Case Number Date Filed Date of Activity Link to Story Fannie Mae and Freddie Mac Orangeburg County, Richland County, South...

North Dakota Seeks Waiver of Appraisal Requirements
Whistleblower Lawsuits

Litigation related to loan servicing, including escrow issues, transfer of servicing and servicing borrowers in bankruptcy and foreclosure.   Defendant Plaintiff Court Amount Overview Case Title Case Number Date Filed Date of Activity Link to Story Bank of...

North Dakota Seeks Waiver of Appraisal Requirements
Net Branch Lawsuits

Litigation involving net branch operations. Defendant Plaintiff Court Amount Overview Case Title Case Number Date Filed Date of Activity Link to Story PHH Mortgage Corp. Mathews Supreme Court of Virginia na Court held that the term "branch office" includes not only...

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