
27 July 2019 | 68 replies
So while it does say this:“(b)Appraisal independence For purposes of subsection (a), acts or practices that violate appraisal independence shall include—(1) any appraisal of a property offered as securityfor repayment of the consumer credit transactionthat is conducted in connection with such transaction in which a person with an interest in the underlying transaction compensates, coerces, extorts, colludes, instructs, induces, bribes, or intimidates a person,appraisal management company, firm, or other entity conducting or involved in an appraisal, or attempts, to compensate, coerce, extort, collude, instruct, induce, bribe, or intimidate such a person, for the purpose of causing the appraised value assigned, under the appraisal, to the property to be based on any factor other than the independent judgment of the appraiser;(2)mischaracterizing, or suborning any mischaracterization of, the appraised value of the property securing the extension of the credit;(3)seeking to influence an appraiser or otherwise to encourage a targeted value in order to facilitate the making or pricing of the transaction; and(4)withholding or threatening to withhold timely payment for an appraisal report or for appraisal services rendered when the appraisal report or services are provided for in accordance with the contract between the parties.”It immediately follows up with this:“(c)ExceptionsThe requirements of subsection (b) shall not be construed as prohibiting a mortgage lender, mortgage broker, mortgage banker, real estate broker, appraisal management company, employee of an appraisal management company, consumer, or any other person with an interest in a real estate transaction from asking an appraiser to undertake 1 or more of the following:(1)Consider additional, appropriate property information, including the consideration of additional comparable properties to make or support an appraisal.(2)Provide further detail, substantiation, or explanation for the appraiser’s value conclusion.(3)Correct errors in the appraisal report.”Based on this discovery, I respectfully disagree with your interpretation of Dodd Frank as it pertains to my previous comment regarding appraisal reconsiderations.
4 July 2016 | 37 replies
We eventually worked it all out took some months though.Now when I do things out east I specifically instruct the attorney which again is very foreign for me to work with.. to order title DAY 1 ... and send it to me for MY review I could care less on their opinion its my money I will make the decision on what title I will accept.. this blind trust in east coast title Attorneys is nuts in my mind.

19 February 2019 | 12 replies
I've only dealt with appraisers for refinance purposes, not for actually giving a value to selling the place, so in my experience, the appraiser has had to follow the lender's instructions to a T on what to include, or not to include for value (example they can only count one outbuilding and no more than 5 acres of value for rural properties.)

10 October 2017 | 14 replies
This guide will only be a few pages with instructions and pictures on how to locate a shut off valve and use it to stop the flow of water to a leak.Has anyone tried this in their rentals?

1 March 2021 | 20 replies
If you've played the Cashflow 101 board game, this is the "automated business" idea - you have developed and implemented a set of instructions for your employees, and oversee everything to make sure it's working as planned, over time.

17 August 2021 | 107 replies
The court did not provide my wife with any instructions in regards to where she would live nor payments to live on.So, the day we left the courthouse I took my now ex-wife to lunch and I told her she should stay in our house and I would move to my office building and I paid her something like $600 per week to live on.Now, we get to the best and most-amazing part.

31 May 2024 | 111 replies
I can very much relate to that.I have a daughter who is a total entrepreneur, runs a gym and is a licensed boxing instructor in Barcelona-she is also a bee keeper.

30 September 2017 | 114 replies
It could make much less investment sense to compare price to rent ratios as if these two properties were next door to each other.If you use price to rent of one location and then apply that locations ratio to another property outside of that exact local market the way I see some TK promoters instruct TK buyers to do, this could lead to some very flawed investment analytics turnkey or not.Good luck!

1 September 2021 | 68 replies
With any "floating floor" (not glued down), follow the manufacturer's instructions.

9 April 2019 | 22 replies
They did, but I felt a little uneasy because I sent them wire instructions, asked them to call me to verify, couldn't reach anyone in the office even though they said they'd tell me when they've sent the funds, and only found out when I logged in to my account to find that their wire arrived to me.