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House Prices Fall Modestly in the Fourth Quarter

The Federal Housing Finance Agency (FHFA), released the new fourth quarter figures today and one of the significant findings were as follows: *  Of the nine Census Divisions, the Mountain and Pacific Divisions experienced the most significant price movements in the latest quarter.  While prices fell 1.3 percent in the Mountain Division, typical p...

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Geographic Competency

Geographic Competency has really been in the headlines and blogs alot lately.  I know of some appraisers who belong to as many as 5 MLS databases and do appraisals in excess of 2 hours or more away.  I have seen some out of the area appraisals lately and they definitely need to work on their knowledge of the markets they work in.  I had a review...

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FHA & Declining Markets

Well, like my mother used to say, if you don't have anything good to say, then don't say anything.  So....for those of you watching my post.......I have been very quiet.  The media seems to say enough for all of us! Anyway, in the interest of keeping everyone informed, just when I was grasping the new HVCC and the 1004MC form, then HUD goes and a...

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HVCC Is Coming!

Things are constantly changing so fast it makes you want to just unplug your TV, radios, and sit in a quiet place until things settle down!  Which brings us to the HVCC (Home Valuation Code of Conduct).  When we first heard about it back in March of 2008, it seemed like we all received an onslaught of emails and newsletter "blips" about the pros...

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Happy New Year!

Well, the Christmas and Holiday Season is a special time for each and every one of us to reflect upon what has transpired over the past year in all facets of our lives.  You know, the foreclosures, the loss of jobs, etc. Our business certainly was a huge part of it, but soooo much more should be considered which is much more valuable, such as our...

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HVCC: Home Valuation Code of Conduct

By now, your've probably heard alot about the HVCC, which sprang out of a March 3rd agreement reached between the Attorney General of New York (Andrew Cuomo), Freddie Mac, Fannie Mae, and the Office of Federal Housing Enterprise Oversight (OFHEO) and is scheduled to take effect by next January. In the settlement agreement, those parties agreed to ...

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Mortgage Fraud "Exposed"

Sorry I haven't written in a while, but my beloved dog, XENA, was very ill and passed away this past Monday evening.  It was the saddest day of my life.  She gave my husband and I fourteen great years together and we miss her very much.  I am grateful we were blessed to have her in our life.  I'm also grateful for the lessons the animals teach ...

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Pricing a Home for Sale Based on Statistical Information

Last month, the Flagstaff Women's Council of Realtor's asked me to speak at their monthly meeting.  The topic, "Persuading sellers to price a home for sale according to statistical information based on appraising methods", really showed me how serious they are about truly helping their sellers price their home right.  I have to admit I really put...

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Home Valuations Flatten Out

Hello Again!   Sorry it's been awhile, but with the interest rates continually going up and down, alot of people are refinancing........and yes........I've had several REO appraisals to do too!  The Arizona Daily Sun is reporting that after two years of double-digit increases, many local neighborhoods see values decline.  What's interesting, is...

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Property Management Stories

Happy New Year Everyone!   Did alot of you make some resolutions already?   How many have you kept or broken?   LOL!Well, as for me, I made several important ones this year.  Some professional and some personal and of course, they are equally difficult of course!  I made a vow to keep attending as much education as possible to stay on top o...

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Merry Christmas and a Prosperous New Year!

Just wanted to take a moment to wish everyone a very Happy Holiday!  I hope this day found you with your family and friends which are much more important than our work, aren't they?  Then, of course, we have the upcoming NEW YEAR.   What will it bring?   There are so many changes in the market, even FHA and VA, (long standing government progr...

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Manufactured Housing Conversions

Well, the past two weeks have really been eventful.   Just when I thought I had experienced about every housing type out there, I recently received new information I feel compelled to pass along.   I have done appraisals on several hybrids, (manufactured housing with stick built additions), and they are not atypical for our area as several pe...

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Mortgage Fraud Class

This past Friday, I had the opportunity to attend Mr. Richard Hagar's class.  Mr. Hagar has decades of real estate experience and is now using his knowledge to instruct the lending industry, agents, prosecutors, investigators, and state agencies.  He consults with the Assistant Attorneys General, as well as provides litigation support in State an...

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For Sale By Owner, (FSBO) Appraisals

As you've likely discovered, selling your home yourself and not using a realtor is hard work.  Let me tell you how I can help you sell it faster and for the right price.A professional appraisal can shorten your time-to-sale and make sale negotiations easier.  It can give credibility to your asking price and can effectively end haggling.  When yo...

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Industry Tools & Data to Monitor Current Market Conditions

According to Fannie Mae (FNMA) which can be found at Internet site:  (www.efanniemae.com(, the following applies to appraisers.  "It is expected that the appraiser will utilize generally accepted appraisal standards and the appraisal report forms which require the appraiser to research, analyze, and report on the factors in the neighborhood that ...

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Reasons to get an appraisal

Every year, countless people in the United States buy, sell, or refinance their own slice of the American Dream.  Most, if not all, of these transactions include a simple line item for an appraisal.  It has become an understood and accepted part of a real estate transaction.  "Let's bring in the expert and make sure we're not spending too much o...

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Appraisals Important in Today's Real Estate

An appraisal as part of your overall marketing strategy will give the ultimate credibility to your asking price.  You'll have fewer hassles with offers and counter-offers.  Plus, you won't be selling yourself short on unique properties without an accurate and current appraisal.It's your best line of defense in staying ahead of the competition, by...

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Flagstaff Attorneys Utilize Appraisers Everyday

As an attorney handling a divorce or asset division, you need solid defensible documentation that provides an accurate determination of a property's value in order to provide an equitable solution to all the parties.  My first video - the hardest thing I have ever done!   I think it aged me about 10 years!!...

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Selling A Home

Whether you choose to sell your home on your own or use the assistance of a real estate agent (which is what I always suggest), a professional appraisal can help you or your clients make a better educated decision when determining your selling price.  This is because the appraiser has no vested interest in what amount the house sells for.  It's e...

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Finally....

Well, after 4 1/2 years with one appraisal company..........I have finally went out on my own!  But there is soooo much to do! ....Purchase software......notify clients of the change.........but everything will be fine as long as I stay TRUE to my ethics and professionalism, right?  You know what they say, "Watch your character.....it becomes yo...

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