Christmas Debt Got You Down? According to the Federal Reserve, American Credit Card debt has now reached a record high of $1.021 trillion! 44% of Christmas shoppers racked up more than $1,000 in holiday debt. If you spent $1,054, and paid a minimum payment of...
Have you heard an appraiser use any of these terms? Did you just hear one of our appraisers use it and you came here to figure out what it meant? We don’t mean to speak a foreign language, but any profession has its jargon. What “res ipsa loquitur”...
Appraisal is a profession, and appraisers are professionals. In our field as with any profession we are bound by ethical considerations. An appraiser’s primary responsibility is to his or her client. Normally, in residential practice, the appraiser’s...
Appraiser licensing varies from state to state. To participate in what is called a “federally-related transaction,” which is, for example, a mortgage being underwritten by a national bank, an appraiser must be licensed or certified by his or her state. The...
For homeowners, a real estate appraisal is the linchpin to buying or selling their home. It allows the property transactions to occur among the buyer, seller, real estate agent and mortgage lender. Before an Appraiser arrives, there are a few things you should know....
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