Appraisers in Charlotte, Mecklenburg providing appraisals in Charlotte, NC.
WASHINGTON - U.S. Housing and Urban Development Secretary Alphonso Jackson today announced that HUD's FHASecure product has helped 100,000 homeowners refinance their mortgages and avoid foreclosure. Since September 2007, FHASecure has enabled tens of thousands of families - who are current on their home loans or past due because their teaser rates reset - to close on loans refinanced through HUD's Federal Housing Administration (FHA), which is backed by the full faith and credit of the government. www.valuation-expert.com
The following is a statement by Secretary Jackson:
"FHASecure has helped more than 100,000 families stay in their homes. Homeowners are cutting their monthly mortgage payments by an average of $400 a month compared to their exotic subprime loans. They no longer have anxiety about finding foreclosure notices in their mailboxes, thanks to the safe mortgage alternative that FHASecure offers.
FHASecure has given homeowners an opportunity to hold onto their American Dream without putting their financial future at risk. Over the past five months, FHASecure has helped about 500 families a day close on their new government-backed loans. www.charlotte-appraiser.net
Hundreds of people are taking advantage of refinancing into a safer, more secure FHA-backed loan everyday. From September to December 2007, FHA helped pump nearly $45 billion of much-needed mortgage activity into the housing market, more than $13 billion of which was through FHASecure. FHASecure remains on pace to offer refinancing to 300,000 families by the end of this year who are making on time payments or cannot afford their payments now that their teaser rates reset." www.appraisercharlotte.com
Wednesday, February 27, 2008
Thursday, February 21, 2008
Mecklenburg Appraisal NC
Property in Mecklenburg, NC foreclosure, of course, present special challenges. They may be unwilling to allow an inspection of the property. If they have abandoned the property already, they may have neglected care of the home for some time -- or worse, caused damage. We have the experience and training to deal with the special dynamics of a foreclosure/FHA appraisal, and you should not hesitate to rely on us. www.charlotte-appraiser.net
For a property that has already reverted to Real Estate Owned, you likewise will be interested in a quick disposition. But you may want to know and compare three values: As-is, as repaired, and "quick sale." (Mecklenburg, Charlotte) These represent the value of the property without any work done to it, with the work required to make the property marketable to full market value commensurate with competing properties in the area, and, somewhere in-between, with minimal investment in repairs -- selling the property quickly, probably as a "fixer-upper." Again, we understand your timeline and the unique circumstances of an REO property, as well as the special information you'll need -- competing listings, market trends, and the like. www.valuation-expert.com Mecklenburg, Charlotte, Union, NC.
For a property that has already reverted to Real Estate Owned, you likewise will be interested in a quick disposition. But you may want to know and compare three values: As-is, as repaired, and "quick sale." (Mecklenburg, Charlotte) These represent the value of the property without any work done to it, with the work required to make the property marketable to full market value commensurate with competing properties in the area, and, somewhere in-between, with minimal investment in repairs -- selling the property quickly, probably as a "fixer-upper." Again, we understand your timeline and the unique circumstances of an REO property, as well as the special information you'll need -- competing listings, market trends, and the like. www.valuation-expert.com Mecklenburg, Charlotte, Union, NC.
Tuesday, February 19, 2008
This final rule explicitly conforms the eligibility requirements for applicants to the Federal Housing Administration (FHA) Appraiser Roster to longstanding HUD practices, as well
as to existing nationwide industry practice. Only appraisers on the roster may perform required appraisals of properties that are to serve as security for FHA-insured single-family mortgages. Among other requirements, the current regulations require that an applicant must be a state-licensed or state-certified appraiser and pass a HUD examination on FHA appraisal methods
and reporting. This final rule codifies HUD’s longstanding practice and the nationwide practice that such certification or licensing comply with national criteria for education, experience, and passage of a stateadministered examination. This final rule also eliminates the requirement for
applicants www.charlotte-appraiser.net (further info) to pass a HUD test on FHA appraisal methods and reporting, because the test has become duplicative of the national examination requirements for state licensure and certification and, therefore, unnecessary. Valuation Experts is a residential appraisal firm located in Charlotte, NC, providing FHA appraisals in Mecklenburg, Union, Iredell and Cabarrus, North Carolina.
as to existing nationwide industry practice. Only appraisers on the roster may perform required appraisals of properties that are to serve as security for FHA-insured single-family mortgages. Among other requirements, the current regulations require that an applicant must be a state-licensed or state-certified appraiser and pass a HUD examination on FHA appraisal methods
and reporting. This final rule codifies HUD’s longstanding practice and the nationwide practice that such certification or licensing comply with national criteria for education, experience, and passage of a stateadministered examination. This final rule also eliminates the requirement for
applicants www.charlotte-appraiser.net (further info) to pass a HUD test on FHA appraisal methods and reporting, because the test has become duplicative of the national examination requirements for state licensure and certification and, therefore, unnecessary. Valuation Experts is a residential appraisal firm located in Charlotte, NC, providing FHA appraisals in Mecklenburg, Union, Iredell and Cabarrus, North Carolina.
Sunday, February 17, 2008
FHA Approved Appraiser, Mecklenburg, Charlotte, North Carolina
Beginning this week, HUD's Federal Housing Administration (FHA) is mailing hundreds of thousands of letters to at-risk homeowners who need a more affordable alternative to the high-cost mortgages they are currently paying. The first round of 280,000 letters was sent this week with another 570,000 letters to be sent through September 2008.
These letters are being sent to homeowners who have already faced or are experiencing the first reset of their adjustable rate mortgages, and live within geographic locations that are currently subject to FHA loan limits nationwide. Currently, FHA can insure home loans valued between $200,160 and $362,790. Bipartisan legislation has passed both the U.S. Senate and U.S. House of Representatives that would increase the loan limits, allowing FHA to insure bigger mortgages in high-cost states. Once this bill is reconciled and signed by President Bush, approximately 250,000 more families could be helped this year at no cost to the taxpayer.
FHA-insured loans are backed by the full faith and credit of the government, which typically allows lenders to offer mortgage products at a lower, more affordable interest rate. More than 90 percent of FHA-backed mortgages are 30-year, fixed rate products. FHA also provides a one-of-a-kind loss mitigation program that helps protect borrowers against foreclosure. Finally, FHASecure, which allows borrowers who are current and delinquent on their loans to refinance with the FHA, is saving tens of thousands of families on average $400 a month compared to their exotic subprime loans.
For more infomation go to www.hud.gov or www.charlotte-appraiser.net
Valuation Experts is an FHA approved appraiser located in Charlotte, NC, providing appraisals in Mecklenburg, Union, Iredell, Carbarrus, NC.
These letters are being sent to homeowners who have already faced or are experiencing the first reset of their adjustable rate mortgages, and live within geographic locations that are currently subject to FHA loan limits nationwide. Currently, FHA can insure home loans valued between $200,160 and $362,790. Bipartisan legislation has passed both the U.S. Senate and U.S. House of Representatives that would increase the loan limits, allowing FHA to insure bigger mortgages in high-cost states. Once this bill is reconciled and signed by President Bush, approximately 250,000 more families could be helped this year at no cost to the taxpayer.
FHA-insured loans are backed by the full faith and credit of the government, which typically allows lenders to offer mortgage products at a lower, more affordable interest rate. More than 90 percent of FHA-backed mortgages are 30-year, fixed rate products. FHA also provides a one-of-a-kind loss mitigation program that helps protect borrowers against foreclosure. Finally, FHASecure, which allows borrowers who are current and delinquent on their loans to refinance with the FHA, is saving tens of thousands of families on average $400 a month compared to their exotic subprime loans.
For more infomation go to www.hud.gov or www.charlotte-appraiser.net
Valuation Experts is an FHA approved appraiser located in Charlotte, NC, providing appraisals in Mecklenburg, Union, Iredell, Carbarrus, NC.
Monday, February 11, 2008
Valuation Experts is Located in Charlotte, North Carolina. Real Estate Appraiser
Well it's another day appraising here in Charlotte, and by the lasted statistics that I have gathered, Charlotte is still seeing some appreciation. Has your real estate appraiser been following the market?
According to the article, Charlotte was one of the only few in the U.S. see healthy appreciation rates. Although days on market has steadily risen in the past six months. As I ride in the new construction neighborhoods, all I see is for sale signs, empty lots, and sad RE agents. Other real estate appraisers here in Charlotte are reporting these same things.
So it makes you wonder how long Charlotte can a float. I know this one appraiser, in his own statistics has Charlotte down about -0.01%. Valuation Experts has been watching the market very carefully, and has been reporting their findings at http://www.valuation-expert.com/
According to the article, Charlotte was one of the only few in the U.S. see healthy appreciation rates. Although days on market has steadily risen in the past six months. As I ride in the new construction neighborhoods, all I see is for sale signs, empty lots, and sad RE agents. Other real estate appraisers here in Charlotte are reporting these same things.
So it makes you wonder how long Charlotte can a float. I know this one appraiser, in his own statistics has Charlotte down about -0.01%. Valuation Experts has been watching the market very carefully, and has been reporting their findings at http://www.valuation-expert.com/
Monday, February 4, 2008
Market Value in a Real Estate Appraisal
Types of value
There are several types and definitions of value sought by a real estate appraisal. Some of the most common are:
Market Value – The price at which an asset would trade in a competitive. Market Value is usually interchangeable with Open Market Value or Fair Value.Market Value is the estimated amount for which a property should exchange on the date of valuation between a willing buyer and a willing seller in an arms-length transaction after proper marketing wherein the parties had each acted knowledgably, prudently, and without compulsion. Appraiser Charlotte for more info.
Value-in-use – The net present value (NPV) of a cash flow that an asset generates for a specific owner under a specific use. Value-in-use is the value to one particular user, and is usually below the market value of a property.
Investment value - is the value to one particular investor, and is usually higher than the market value of a property.
Insurable value - is the value of real property covered by an insurance policy. Generally it does not include the site value.
Liquidation value -- may be analyzed as either a forced liquidation or an orderly liquidation and is a commonly sought standard of value in bankruptcy proceedings. It assumes a seller who is compelled to sell after an exposure period which is less than the market-normal timeframe.
For more in info click here: Appraiser Charlotte, NC
www.charlotte-appraiser.net
There are several types and definitions of value sought by a real estate appraisal. Some of the most common are:
Market Value – The price at which an asset would trade in a competitive. Market Value is usually interchangeable with Open Market Value or Fair Value.Market Value is the estimated amount for which a property should exchange on the date of valuation between a willing buyer and a willing seller in an arms-length transaction after proper marketing wherein the parties had each acted knowledgably, prudently, and without compulsion. Appraiser Charlotte for more info.
Value-in-use – The net present value (NPV) of a cash flow that an asset generates for a specific owner under a specific use. Value-in-use is the value to one particular user, and is usually below the market value of a property.
Investment value - is the value to one particular investor, and is usually higher than the market value of a property.
Insurable value - is the value of real property covered by an insurance policy. Generally it does not include the site value.
Liquidation value -- may be analyzed as either a forced liquidation or an orderly liquidation and is a commonly sought standard of value in bankruptcy proceedings. It assumes a seller who is compelled to sell after an exposure period which is less than the market-normal timeframe.
For more in info click here: Appraiser Charlotte, NC
www.charlotte-appraiser.net
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