Hybrid Appraisals were tested and failed. So what does Fannie Mae do? Let’s call them Desktops with third party inspectors. Fannie Mae has announced they will soon start accepting Desktop Appraisals. The appraiser does not inspect the property; however an interior floor plan including walls is required. This in itself is over and above what… Read More »
Exciting news for the appraisal world! Certain portions of USPAP are now available online to the public in a free, downloadable, searchable format! At this point, the first 30 pages of the 354 page publication are available. We will keep you posted as more sections become available.
Congresswomen Maxine Waters and Senator Sherrod Brown are questioning the Appraisal Waiver granted to North Dakota. See the Press Release below and the entire letter sent here. For Immediate Release September 27, 2019 Waters and Brown Call on Appraisal Subcommittee to Provide Answers on Unprecedented Appraisal Waiver WASHINGTON, D.C. – Congresswoman Maxine Waters (D-CA), Chairwoman… Read More »
Real Property Valuation Forum: Who is Doing My Appraisal? How Remote Valuation Could Affect Your Transactions. Tuesday, May 14, 20191:00 PM–3:00 PM Location: Marriott Wardman Park, Virginia Suite, Lobby Level REALTORS® LEGISLATIVE MEETINGS & TRADE EXPO MAY 13-18, 2019 WASHINGTON, DC Description Who is doing my appraisal?! How remote valuation could affect your transactions. Desktop or hybrid appraisals… Read More »
Things went a bit crazy, but in a very good way! Monday April 29th, VaCAP launched a consumer protection campaign on WRVA 1140 AM News Radio. Our email and social media accounts were non stop. Many of our sister Coalitions in The Network of State Coalitions helped spread the word and shared our Press Release… Read More »
Join VaCAP President Pat Turner Live on The Home Show with Richard McKann! Discussion will revolve around protecting the consumer . Tune in and listen on WRVA 1140 AM at 7:30 AM Saturday May 4th https://newsradiowrva.radio.com/hosts/home-show-richard-mckann To call in with a question, 804-345-1140. Thanks for Supporting VaCAP!
VaCAP is excited to launch a Consumer Protection Campaign! For months we prepped, we discussed, we negotiated, we wrote, we edited, we wrote some more, we edited some more…. finally, we recorded. We have three 60 second consumer protection announcements airing on WRVA 1140 News Radio starting on Monday April 29th. The three consumer protection… Read More »
Technology has changed the way we do many things in the world today. Buying and selling Real Estate is no different. We use internet sites and apps to search for homes, view photographs and observe neighborhood with satellite imagery. We obtain information on the local schools, community amenities and other statistics. Many companies try to… Read More »
The Importance of an Appraiser Simply put, an appraiser is the only person within a real estate transaction that is unbiased and is not compensated based on a sale price or loan amount. Agents, lenders, and loan officers are all compensated based on a percentage of the loan amount or sale price. They have an… Read More »