Keyword: appraisals

Stand Back – Gwen Banta Is About to Go Postal!

Stand Back – Gwen Banta Is About to Go Postal!

If David Letterman thinks he has had a few bad weeks, he ought to be a Realtor! Dave has a beef with the Fourth Estate; we are duking it out with a gaggle of clueless appraisers. Dave’s odds are better. Yes, I know there are some great appraisers out there, and I applaud you. In fact, I MISS you! I ...

Gwen Banta | 2009/10/16  | 22 Comments Editorials

StreetLinks $1M Guarantee is as Useful as Crap in a Box

StreetLinks $1M Guarantee is as Useful as Crap in a Box

Indianapolis based appraisal management company StreetLinks has established a $1,000,000 fund to pay a performance guarantee to its clients, saying that it ensures their appraisals are consistent and accurate. Of course with any guarantee you have to read the fine print. A lender simply has to stick to the following rules: Minimum volume: 50+ full conventional and/or FHA products per ...

Ben Goheen | 2009/10/09  | 16 Comments Economy

Appraisal Institute to Yun- Not the Fault of the Appraisal but a Fault of the Market Today

Appraisal Institute to Yun- Not the Fault of the Appraisal but a Fault of the Market Today

Oh Snap? The Appraisal Institute responds to Lawrence Yun of the National Association of Realtors after Yun points out issues home buyers and sellers are having across the crountry- homes just aren’t apprasising in situations where experts say they should. Yun on Tuesday said, “The increase in sales is less than expected because poor appraisals are stalling transactions. Pending home ...

Benn Rosales | 2009/06/27  | 29 Comments News

Blame the Appraiser

Blame the Appraiser

NAR released their May Existing-Home Sales Report on Tuesday. Fortunately chief economist Lawrence Yun has the answer to why the housing market remains weak – appraisers: “…the increase in sales is less than expected because poor appraisals are stalling transactions. Pending home sales indicated much stronger activity, but some contracts are falling through from faulty valuations that keep buyers from ...

Ben Goheen | 2009/06/26  | 29 Comments Economy