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Agent: Faulty Appraisals Hurting Home Sales - Patch.com


Agent: Faulty Appraisals Hurting Home Sales
Patch.com
“We must resolve a flawed appraisal process that produces inaccurate assessment of home values, because this fosters price instability, puts more families in danger of default or foreclosure, and undermines the housing and economic recovery.

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Poor economy devalues Hillsborough's poshest homes - Tbo.com


Poor economy devalues Hillsborough's poshest homes
Tbo.com
And in Carrollwood/Northdale, where there were six such homes, there now are none. The value of the remaining million-dollar homes also has plummeted. In 2007 the typical million-dollar Hillsborough County home was appraised at $1.7 million.

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Policyholders set to sue Citizens Insurance - Central Florida News 13


ABC Action News
Policyholders set to sue Citizens Insurance
Central Florida News 13
Since higher replacement costs drive up premiums I hope this is not the reason the private appraisals are being ignored." Citizens first came under fire last year after it announced it would use 360 Value Software to determine property values.
Class action suit filed against CitizensWTSP 10 News
Lawsuit says Citizens Insurance is unfairly inflating premiumsPalm Beach Post
Citizens insurance sued for allegedly jacking up premiumsABC Action News
Orlando Sentinel -MyFox Tampa Bay -Capitol News Service
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Pittsburgh Council approves assessment help for homeowners - Pittsburgh Post Gazette


Pittsburgh Council approves assessment help for homeowners
Pittsburgh Post Gazette
The help, including subsidized appraisals, will be available to those whose 2011 assessments are $150000 or less. In a last-minute amendment, council also decided that homeowners 65 and older can participate regardless of their property values.

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REAL ESTATE: Refinancing expanding for Fannie/Freddie borrowers - Press-Enterprise


Los Angeles Times
REAL ESTATE: Refinancing expanding for Fannie/Freddie borrowers
Press-Enterprise
Probably the most significant improvement is that it lifts the ceilings on the amount by which the mortgage balance can exceed a home's appraised market value. Once the maximum was 25%. Now theoretically the sky is the limit.
The New Refinance Programs: will they help the Arizona Economy?Examiner.com

all 144 news articles »

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'Realistic' sellers faring well in Lake Forest, Lake Bluff housing market - Lake Forester


'Realistic' sellers faring well in Lake Forest, Lake Bluff housing market
Lake Forester
Moulton also cautioned that “33 percent of contracts fail today based on appraisals,” he said. “Appraisal companies are under extreme pressure to correctly value a home.” That's why he suggests sellers have an appraisal done before they put their house ...

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borro™ Expands Successful UK Lending Business to the U.S. - Business Wire (press release)


borro™ Expands Successful UK Lending Business to the U.S.
Business Wire (press release)
This provides the customer with an accurate appraisal and most importantly, the best deal. “Our experience in London over the past three years proves the need and value of the borro model. Our business has grown four-fold each year, and we are quickly ...

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County faces $2.5M drop in general fund money - Hernando Today


County faces $2.5M drop in general fund money
Hernando Today
By MICHAEL D. BATES | Hernando Today Hernando County is looking at a $2.5 million reduction in general fund money next year if the projected 5 percent loss of residential property value revenue is accurate. That's assuming that the current general fund ...


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Tier homeowners face decisions ahead of potential buyouts - Press & Sun-Bulletin


Tier homeowners face decisions ahead of potential buyouts
Press & Sun-Bulletin
In most scenarios, owners get buyout offers roughly 75 percent to 80 percent of the appraised value. The federal government pays 75 percent of the final cost. The municipality where the property is located must contribute 25 percent.

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Shawnee County Home Values Going Down - WIBW


Shawnee County Home Values Going Down
WIBW
TOPEKA, Kan. (WIBW) - Many homes in Shawnee County will see a drop in appraised value. Shawnee Co. Appraiser Mark Hixon told county commissioners Monday that as many as 50000 homes will see a change in value and about 90 percent of those will go down.


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