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appraisals: FHA Appraisal Changes To Potentially Hurt Market Even More -- Ouch! - 03/27/09 04:48 AM
  Well, just as the President and ALL of our beloved politicians go onto television and tell everyone that they are going to force banks to start lending and helping homeowners and our economy get back on track during this time of crisis, I guess someone forgot to mention all of this to the Secretary of HUD while coming up with this little present for homebuyers / homeowners:
  This is a brief summary from Mortgagee Letter 2009-09 which takes effect April 1st, 2009 -- HOLD ONTO YOUR HATS EVERYONE!!!!:
Here are the 10 things your appraiser must do or provide for all FHA appraisals done after … (12 comments)

appraisals: Appraising your home on a refinance -- The Sales Comparison Approach - 03/20/09 10:16 PM
  Are you thinking about refinancing?  One of the most important things that it takes to get a new mortgage loan is getting your home appraised.  Now before you say that your neighborhood has not experienced a decline in value and you just put $20,000 into upgrades of your home, you must first understand how the 'value' of your home is determined for your transaction.  How a Bank perceives the 'value' of your home is SIGNIFICANTLY different than how you perceive the 'value' of your home.
  There are 3 approaches which an appraiser can use to determine your property value (I am … (5 comments)

 

Khash Saghafi Mortgage Loan Officer Cleveland Ohio Mortgages

Cleveland, OH

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Proficio Mortgage Venture, LLC

Address: 6100 Rockside Woods Boulevard, Independence, Ohio, 44131

Cell Phone: (216) 780-1103

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