Valuation of Varying Property Types Week 5 Final Paper RES450: Real Estate Appraisal Valuation of Varying Property Types An appraisal is simply one man’s unbiased opinion based on gathered data/facts collected about the property and like properties. This essay will explain the appraisal process for four property types (Single Family, Condominium, Commercial Retail, and Land), […]
First, I would like to state that the video assigned had no information about the impact appraisers had on the Real estate industry during the market collapse. However, fortunately, I am very aware as I was actively working for a Mortgage brokerage at that time. I saw how appraisers were manipulated into providing values that
I have worked in home lending for many years, and I know how critical the appraisal is in every deal. I have had deals fall through because of appraisals. Every lender I worked for had an appraisal review department. In that department, the appraisal would be put into a software that would quickly asses if
Compare and Contrast Articles RES 450 Compare and Contrast Articles In 2008, we saw the housing bubble burst, right before our eyes. As a result of that, numerous laws and regulations have been enacted to protect the possible bias in the real estate appraisal process. I will be analyzing two articles in this essay. The