Business Valuation Zone

Search:

DAY

WEEK

MONTH

YEAR

Apr 27 - May 03

Apr 20 - Apr 26

Apr 13 - Apr 19

Apr 06 - Apr 12

MORE

MORE

MORE

MORE

Select your country:
Sign up | Log in

the-real-cause-of-the-home-value-gap-is-the-income-gap

article thumbnail

Comment on The Real Cause of the Home Value Gap Is the Income Gap by Baggins

Appraisers Blog

NOVEMBER 2, 2023

More Darrien Gap ngo news, beyond shocking. In reply to Mark Davis. Did you catch IW today? The army marches on. Tens of thousands every day now, headed to a community near you, literally.

article thumbnail

Comment on The Real Cause of the Home Value Gap Is the Income Gap by Bill Johnson

Appraisers Blog

NOVEMBER 3, 2023

Maria, considering bid down appraisal fees often start with a 2 in San Diego County, consider yourself to be extremely blessed to have fees at $375. By the way, with 800+ appraisers in San Diego County alone, we represent 1 out of every 80. Seek the truth.

Join 8,000+

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

Harvard Corporate Governance

article thumbnail

Comment on The Real Cause of the Home Value Gap Is the Income Gap by Maria

Appraisers Blog

AUGUST 12, 2023

They are crying that appraisers are too expensive. What is a percentage of an appraisal cost today per the mortgage cost, vs. 10/20/30 years ago? Banks set the appraiser fee. They decide who gets the mortgage, but the appraisers are blamed. I feel they turn appraisers against AMC, and they laugh. Reasonable.

Banking

Banking Appraisal

article thumbnail

Comment on The Real Cause of the Home Value Gap Is the Income Gap by Baggins

Appraisers Blog

AUGUST 11, 2023

In reply to Mary Cummins. Mary that’s so rich. When the popular narrative is contradicted by the ACLU, of all the organizations out there, the ACLU… HUD people sitting around reading that; ‘We’ve got problems.’ ’ Post that link over and over and over again. Will look forward to reading. The impossible find, wow.

article thumbnail

Comment on The Real Cause of the Home Value Gap Is the Income Gap by Pat Turner

Appraisers Blog

AUGUST 14, 2023

Blaming appraisers for the income gap will never solve the real underlying problem. It's as ridiculous as blaming them for gas prices.

article thumbnail

Comment on The Real Cause of the Home Value Gap Is the Income Gap by Maria

Appraisers Blog

NOVEMBER 2, 2023

In reply to Pat Turner. Pat, I just got an offer for 1004 for $375. All they can offer without going back to the lender. I reminded the AMC there is a Dodd Frank Act: appraisers needs to be paid customary and REASONABLE fee… This company shows the appraiser fee, and I know they take ~20%. So mortgage companies are as much in fault as AMCs.

article thumbnail

Comment on The Real Cause of the Home Value Gap Is the Income Gap by Baggins

Appraisers Blog

NOVEMBER 2, 2023

If prices come down, and inflation comes under control, we could see a wave of foreclosures hard to imagine. How about nearly a million under current economic conditions just for starters. Remember when I was talking about researching treasurer public default notices? Yeah, and then some. The trend continues.

article thumbnail

Comment on The Real Cause of the Home Value Gap Is the Income Gap by Maria

Appraisers Blog

NOVEMBER 2, 2023

Blaming appraisers for the income gap will never solve the real underlying problem. It's as ridiculous as blaming them for gas prices.

article thumbnail

Comment on The Real Cause of the Home Value Gap Is the Income Gap by Baggins

Appraisers Blog

NOVEMBER 2, 2023

Blaming appraisers for the income gap will never solve the real underlying problem. It's as ridiculous as blaming them for gas prices.

article thumbnail

Comment on The Real Cause of the Home Value Gap Is the Income Gap by Mark Davis

Appraisers Blog

NOVEMBER 2, 2023

Blaming appraisers for the income gap will never solve the real underlying problem. It's as ridiculous as blaming them for gas prices.

article thumbnail

Comment on The Real Cause of the Home Value Gap Is the Income Gap by Maria

Appraisers Blog

AUGUST 12, 2023

I got from FLS a questionaries’ about the reasonable and customary appraiser fee. It will be illegal to use this data. Third party has to do the research. They are not. Neither AMC nor mortgage companies can conduct a research, per Dodd Frank) 2. They want implement a fee cap. They ask what would be customary fee in the area.

article thumbnail

Comment on The Real Cause of the Home Value Gap Is the Income Gap by Mark Davis

Appraisers Blog

NOVEMBER 2, 2023

In reply to Baggins. The entire international banking system has already collapsed and we are going through the convulsions of that collapse.

Banking

Banking

article thumbnail

Comment on The Real Cause of the Home Value Gap Is the Income Gap by Kenneth Mullinix

Appraisers Blog

AUGUST 8, 2023

In reply to Maria. Actually, there is a law firm that is doing just that, coordinating with homeowners, like an accident attorney firm so you are correct. I am most likely going to go after that homeowner one day. He has another appraisal done right after mine and he will not release it to HUD so he is hiding something. Hang on, one day… 0

article thumbnail

Comment on The Real Cause of the Home Value Gap Is the Income Gap by an appraiser

Appraisers Blog

AUGUST 8, 2023

Kenneth, I had something similar happen to me. A Seller filed a complaint with the state board against me ~ the basis of the complaint was racial bias. The lender ordered a second appraisal which magically was the same # as the purchase price. After 14 months I was vindicated by the state board. I am now pursuing the Seller.

article thumbnail

Comment on The Real Cause of the Home Value Gap Is the Income Gap by Mary Cummins

Appraisers Blog

AUGUST 11, 2023

Here’s an article by the ACLU on the racial wealth gap. They stated it was the income gap, homeownership rate gap and mortgage gap. The income gap causes the homeownership rate gap and the mortgage gap. They didn’t blame appraisers.

article thumbnail

Comment on The Real Cause of the Home Value Gap Is the Income Gap by Pat Turner

Appraisers Blog

AUGUST 14, 2023

In reply to Maria. Maria, Please forward me every letter that sets a fixed fee!!! You are right, it is illegal. We want the direct evidence!!! Pturner@peturner.com 1

article thumbnail

Comment on The Real Cause of the Home Value Gap Is the Income Gap by Pat Turner

Appraisers Blog

AUGUST 9, 2023

Blaming appraisers for the income gap will never solve the real underlying problem. It's as ridiculous as blaming them for gas prices.

article thumbnail

Comment on The Real Cause of the Home Value Gap Is the Income Gap by Pat Turner

Appraisers Blog

AUGUST 14, 2023

Blaming appraisers for the income gap will never solve the real underlying problem. It's as ridiculous as blaming them for gas prices.

article thumbnail

Under-Valuations Unrelated to Racial Bias

Appraisers Blog

FEBRUARY 21, 2023

The AEI Housing Center recently released an analysis revealing that reports by the Federal Housing Finance Agency (FHFA) and by Brookings, attributing the greater prevalence of under-valuations in home purchase appraisals. This is an analysis of Freddie Mac's misleading and basically defamatory paper on Appraisal Gap.…

Appraisal Finance

article thumbnail

Comment on Finding of Bias in Home Valuations Fails by Own Measure by Mary Cummins

Appraisers Blog

AUGUST 14, 2023

We all know the home valuation gap is caused by the income, wealth gap and not race. AEI had another piece out this last week dealing with the racial income, wealth gap. It stated there is almost no white, black income, wealth gap for poor and lower income individuals.

article thumbnail

Freddie’s Study, NPR Story Recall Notable Academic Hoax

Appraisers Blog

FEBRUARY 28, 2023

Related Posts: The Real Cause of the Home Value Gap Is the Income Gap Blaming appraisers for the income gap will never solve the real underlying problem. The problem? Freddie never called the appraisals “low.” By design, his paper was strewn with nonsense.

Appraisal Equity Finance Marketability

article thumbnail

Critique of Freddie Mac’s Misleading Appraisal Gap Report

Appraisers Blog

MARCH 30, 2022

This is an analysis of Freddie Mac’s misleading and basically defamatory paper on Appraisal Gap. When government related entities release misleading information like this they are attacking and defaming real estate appraisers. The hate real estate appraisers have received because of this paper and Andre Perry’s paper is relentless.

Appraisal Finance

article thumbnail

The Real Cause of the Home Value Gap Is the Income Gap

Appraisers Blog

FEBRUARY 13, 2023

Blaming appraisers for the income gap will never solve the real underlying problem… Blaming appraisers for the income gap is as ridiculous as blaming appraisers for gun violence and gas prices. I’ve been a real estate appraiser in Los Angeles, California for 40 years. This letter is my comment.

article thumbnail

Comment on The Real Cause of the Home Value Gap Is the Income Gap by Baggins

Appraisers Blog

AUGUST 8, 2023

Or in the case of ‘killing the deal’, or ‘not making value’, a gesture reminiscent of Caesar, thumbs down. I submit the idea that when anyone is complaining about an appraiser, the most probable root cause of such an instance started with incompetent sales agency. In reply to an appraiser.

Comps

Comps Appraisal Marketability

article thumbnail

Comment on The Real Cause of the Home Value Gap Is the Income Gap by Baggins

Appraisers Blog

NOVEMBER 2, 2023

[link] That was an interesting article on low volume and low rates, the ‘lock in effect’ The real chilling factor is there is still adequate volume so every single remaining appraiser could be busy and working today. Remember how they’d always preface the changes with; ‘this will have minimal effect on work volume.’