Real estate blog entries tagged with mortgage by Paul Davis (Mid-State Appraisals)

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mortgage: Lake County, Florida Property Appraiser Blows Whistle On Mortgage Fraud Inflating Real Estate Prices - 05/20/08 02:24 PM

The surplus of speculating investors who cleverly learned how to leverage leverage OPM (other peoples money) and work the system, is now backfiring throughout the market and circling back around to correct itself. A fourth of the homes bought across the nation the last few years were purely speculative for profit … (0 comments)

mortgage: Central Florida Real Estate Market Downturn - Economic Variables & Causes - 05/20/08 01:51 PM

The residential real estate market in Central Florida has been good since the last recession that occurred in 1991. The real estate market was red hot for a six month window between April to September, 2005. I had never witnessed such phenomenal price increases in my entire 30 years as a … (0 comments)

mortgage: Central Florida Appraisals Property Valuations - 05/20/08 12:33 PM

Property appraising historically has taken three approaches: 1. The Cost Approach2. The Sales Comparison Approach3. The Income Capitalization ApproachMotivations for acquiring an appraisal are to obtain financing when buying property, determine the appropriate price when selling, to gauge the amount of tax one should pay based on valuation, and as an … (0 comments)

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