‘Education’ Posts

 

Real Estate Commission issues Position Statement CP-44

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Click the image to read the text of CP-44, Adopted June 3, 2014… The Colorado Division of Real Estate site is here.

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AMC Appraisal Fees and Disclosure- Joshua Walitt

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The proposed AMC Rules from the Agencies are out in draft form.  Coalitions, industry organizations, and groups of appraisers are examining these and other Rules.  There is discussion amongst appraiser groups and other industry participants like never before.  It’s a great time to make your voice heard and to hear what others have to say! […]

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Appraiser Fee Disclosure sample

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Here’s the sample Appraiser Fee Disclosure. (Click the image.)

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Q & A with Josh Walitt on Residential Appraisals Colorado

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Question #1: My bank said they ordered an appraisal for my loan, but no one ever came inside the house. Does this sound right to you?   For certain types of loans, such as home equity loans, banks follow specific federal guidelines (called Interagency Guidelines) which allow for the bank to use an exterior-only appraisal […]

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Key Parts of Residential Appraisal Reports Colorado

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Not too long ago I was at a school event for my youngest daughter when I started talking to one of the fathers that I knew. During our conversation he mentioned that they were going through the process of refinancing their home and had just received the appraisal back. He shared a little sheepishly that […]

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