When we start talking appraisals it can get confusing. As lenders, we learn what’s important for getting the loan closed. Realtors put their market analysis hat on when they think about them. Neither is correct. Look at it this way, an appraiser is in a profession in and of it’s self. Appraisers are licensed and trained to look at property values in a pretty specific way. On top of that the different loan programs all have different “rules” the appraiser must follow. Then at the end of the day its not a specific formula but a matter of opinion. That’s why we always tell people we could order 5 appraisals on a property and we would get 5 different sets of results. During this event we are going to go over many of the things the appraisers look at, how they analyze the property, and some of the different variables that come into play across different loan programs. If you are looking for a deeper understanding of how appraisers think this is a must attend event.
Here is a list of some of the things we will cover during the event:
Come learn from one of the best! Speaker Jeremy Drobeck was the Number #1 loan officer at Amerifirst in 2021 helping hundreds of home buyers navigate their way to home and ownership. Jeremy had over 500 appraisals cross his desk in 2021 alone. He’s had to deal with everything from low values, repairs, outright errors, and of course his fair share of value disputes. He brings a wealth of knowledge on the topic. If you need help with anything between now and our next event don’t hesitate to reach out. Can wait to see you there!
Sign Up Today!
Date: October 12th
Time: 12:00 – 1:30
Location: 5830 Venture Park Dr. Kalamazoo, MI 49009
Limited Seating. RSVP required. Box Lunch will be provided. Email firstname.lastname@example.org to reserve your spot!
Date: October 20th
Time: 10:30 – 12:00
Buying a home is an exhilarating yet intricate process. For many, the dream of homeownership can seem daunting due to financial constraints. However, the U.S. Department of Housing and Urban Development (HUD) offers various financing options designed to assist individuals in purchasing HUD-owned homes, making the dream of owning a home more achievable. It is important to have a lender that is up to the challenge of navigating HUD home financing.
These properties are foreclosed homes. The previous owner had taken out an FHA mortgage and didn’t make the payments. Subsequently, these homes were foreclosed on. Often, these homes require repairs, and the utilities can’t be turned on. Frankly, HUD (the seller) doesn’t care – the properties are sold as-is, and HUD will not make any repairs to the home. That’s where things can get hairy if the lender is not equipped to navigate the process.