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Tag: appraisal

Top 13 FHA Appraisal Repair Orders

27 April, 2009 (21:03) | Foreclosures and Short Sales, Info for Buyers, Mortgage Rates | By: Aaron Dickinson - Edina Realty

This comes from my good friend Nicci Brown… a loan officer with Edina Realty Mortgage
The purpose of a repair is to correct deficiencies which may affect the health of the occupants and the continued marketability of the property.  Knowing the most common issues upfront can prevent costly and stressful delays later.

If the home was built [...]

Declining Market Appraisals – The End of 100% Financing

2 January, 2008 (21:17) | Community Issues, Info for Buyers, Info for Sellers, Market Stats, Mortgage Rates, Opinion | By: Aaron Dickinson - Edina Realty

More and more, I am hearing about appraisals that are coming back with notations from the appraiser that the property is in a “declining market.”
Unfortunately there is no set-in-stone definition for what is or is not a declining market.  What’s come up in my experience is either the pricing of comparables has fallen considerably or the [...]


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