Appraisals Fail Many Sellers
The real estate community has long complained about appraisals that lagged the market, but the report from the FHFA documents that their gripes are valid: Undervaluations spiked to 15 percent in 2021.
Appraisers Struggle with Safety Concerns Amid Outbreak
Massachusetts’ housing appraisers are concerned inaction by Fannie Mae and Freddie Mac is leaving them – and homebuyers – vulnerable to the coronavirus.
Fidelity Not Buffaloed
The Supreme Judicial Court rejected a real estate company’s argument courts should not invalidate a binding real estate appraisal because the appraiser’s firm, but not the appraiser himself, allegedly had a conflict of interest.
The Value of a Professional Valuation
Is faster and cheaper always better? Many would exclaim, “of course!” but, when it comes to valuing residential real estate the answer should be a cautious “maybe.”
Appraisal-Free Loans Save Millions for Buyers
For homeowners and buyers, it’s been an unexpected windfall: relief from having to pay for a traditional mortgage appraisal that usually costs between $400 and $600.
Longest-Tenured MBREA Member Dies
The Association for Valuation Professionals announced today that Paul A. Giroux, MRA, the longest tenured member of the MBREA and a member of the Appraisal Hall of Fame, died at the age of 94 on Wednesday.
