FHA is instructing lenders to provide a second independent property appraisal in cases where FHA determines there may be inflated property valuations.
The trend of owners overestimating their home’s value when refinancing continued in August By Jeff Sorg, OnlineEd Blog (September 20, 2016) – According to a recent report by Quicken Loans, appraisals across the country were an average of 1.56 percent lower than what refinancing homeowners expected in August, based on the company’s national Home Price Perception […]
Nationally, appraised values were 2.17% lower than homeowner expectations By Jeff Sorg, OnlineEd Blog (April 12, 2016) – Quicken Loans, the nation’s second largest retail mortgage lender, today announced home values, as determined by appraisers, were an average of 2.17 percent lower than what homeowners expected in March according to the company’s proprietary national Home Price Perception […]
Sellers select for-sale and recently sold homes that best match theirs to arrive at the customized value estimate By Jeff Sorg, OnlineEd Blog (December 15, 2015) – Zillow® has announced its release of Price This Home, a new tool that enables home sellers to create a custom, value estimate for their home based on comparable home sales […]