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Tag: Appraisals

Boo-Hoo: Tighter Standards Help Kill Chances of Bubble Returning

Posted on June 25, 2009July 14, 2009 by The Tim

I’m starting to sense something of a theme in some recent news pieces about the housing market. Consider the following quotes from two recent articles (emphasis mine). Reuters, June 22: Two U.S. Democratic lawmakers want Fannie Mae and Freddie Mac to relax recently tightened standards for mortgages on new condominiums, saying they could threaten the…

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Cramdowns Rejected by Senate, Appraisals Insulated from Banks

Posted on May 1, 2009May 1, 2009 by The Tim

Two good news stories on the national front that are worth sharing this morning. Story 1: Senate Defeats Mortgage ‘Cram-Down’ as Democrats Balk The U.S. Senate rejected a measure that would let bankruptcy judges cut mortgage terms to help borrowers avoid foreclosure, a victory for banks and credit unions that said the legislation would increase…

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Short Sale Impact on neighbors: Appraisers please advise.

Posted on April 11, 2008April 16, 2008 by S-Crow

For many newer homeowners, this is the first correction they have experienced. I’ve been asked a question about short sales in an e-mail. It is a good question for both agents and appraisers to answer. It is presented as follows: Appraisers, please chime in. Fake Scenario: A home is sold as a short sale. It…

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