Groups are smaller communities within the larger ActiveRain. Join groups created by others. or start your own and
get others to join
This is the place to view the past and present contests put on by ActiveRain and its members. Everyone can join the
group and help encourage each other. Current contest will be highlighted posts so it's easy for you all to see. Let it
Curious as to what others in your profession think about a certain product or tool?
AR's community takes the time to leave honest and transparent reviews of their experiences
so you can be a bit wiser about your purchase.
Broken down by categories and subcategories for easy finds
Get an unfiltered look at what real users are saying
Leave a review yourself for others to benefit from
Add new products as you use them and gain points for doing so
ActiveRain University (ARU) provides free on-line training. We coach, consult and support real estate professionals about real estate trends, technology and social media.
ARU Calendar provides class types and registration links
Watch short tutorials on updating your photo, inserting a hyperlink and much more
Sign up for the Daily Drop so you don't miss out on AR's daily happenings
Find answers to most FAQ's
Whatever it is you're into and wherever you are, AR surely has a group for you to join.
Brand, off the wall, specific subject matters…whatever it is you're looking for.
Each time you write a post you can syndicate your post to 5 groups.
And if by chance you don't find what you're looking for, start a new group today!
Get your content in front of more eyes
Search by location or type
Feel free to start your own group
Find some that are close to home and close to heart
Each month AR runs numerous contests as a way for our members to engage in activities
that will boost their business and increase their visibility in the community and beyond.
Earn points by partaking in these contest and climb the leaderboard
Do what's good for you and your business by participating
If you have an idea for a contest, just let us know
Stay motivated and on track with new contests popping up each month
Ask a Real Estate Question
Here's another avenue for you to build relationships with others. Share your expertise with someone searching for answers.
Play the teacher role and help someone out today
Your Homepage will alert you of new questions in your state
A wonderful way to open a door to a possible new client
Ask a question yourself to get help
These state pages or hyper-local pages provide content directly related to a specific geographical location.
State, County, City and Neighborhood pages make it easy for consumers to find what they're looking for.
Post your listings, school information, local events, market reports and more
Consumers peruse these pages for information
Farm your niche market and cover all the happenings in your neighborhood
I'm a home inspector wondering if I'm now being asked to work for the lender and the mortgage insurance companies and what, if any consequences might affect the home buyer consumer.
I have seen a growing trend over the last 6 months or so, where my buying client's lender and even the mortgage insurance companies have asked for my professional opinion on the physical condition of a subject home, stemming from the appraiser's comments.
I have no problem doing this as it helps my client's in the home purchase process. After all, I am in the service business. I obtain permission from my client to respond and discuss the home inspection with the lender or related parties on their behalf. My statements are qualified, limiting my liability with no guarantee or warranty to the home's condition and reference the initial inspection report, as the case should be.
I understand why these questions are being asked of the inspector. I also think it's a testament to the growing value and credibility of the home inspection industry and service today.
However, it does raise a couple of questions/concerns:
•1) COST - If this becomes a common practice, I will need to charge my client for the time and added liability exposure. Based on half dozen or so I've been involved with, a client could be charged an additional $95.00. There tends to be a lot of back and forth requests & confusion on what the underwriter is asking/needs and how to wordsmith it to meet the request, maintain the integrity of the inspection and report and not provide more than what's asked for (see following consequence point).
•2) CONSEQUENCES - These requests so far appear to have been based on the appraiser's stated observation(s) raising concerns with the underwriter, needing a better understanding of the apparent physical condition and risk as it may affect the loan's collateral asset. My home inspection observations are more comprehensive as the "expert" opinion. Apparently the underwriter knows the appraiser is not a qualified home inspector. Consequently, each case has come with the risk of opening a new can of worms for the buyer in obtaining the loan or obtaining the loan with the initial terms as my (inspector's) observations may reveal a bigger or unknown concern for the underwriter than identified in the appraiser's inspection.
•3) CONFLICT of INTEREST - Maybe? My client, the buyer/borrower, has a different objective and perspective than the lender/mortgage insurer has regarding risk tolerances and purpose of the inspection. They clearly are not the same. So, a home inspection for a buyer may inadvertently cause problems with the financing because of the more comprehensive assessment of the home's physical condition and the lender/mortgage insurer are now expanding the physical condition into the lending process. Under some scenarios, I could see a buyer foregoing a home inspection if it could conflict with the loan. If that's the case, would the lender "require" a home inspection? What if the buyer doesn't want or approve the disclosure of the home inspection to the lender? What if the buyer, by a chosen option, pays for a home inspection only to have the inspection be the basis for denying the loan or modifying terms that won't work for the buyer? They could incur some considerable out-of-pockets expenses (home inspection and appraisal) for information benefiting the lender and not them.
Anyhow, just some noted observations of the recent trends and changes in our market place. I'm sure we'll all adjust accordingly. More factors for a consumer to be aware of in the home buying process.
I hope this is helpful. Any additional comments or insights to consider?
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.