From the desk:
Under contract on a 1,280 square foot house on 6 acres in a county with maybe 90 arms-length sales a year. Contract price 148k, cash-out purchase money loan behind it, so the lend…
From the desk:
There is one certified residential appraiser covering my county and two adjoining ones. He's 63. Turn times on lender orders here run 3 to 4 weeks in season and I've had two deals…
From the desk:
First purchase, small 3 bedroom, and I have three numbers in front of me that don't agree. The county assessor site says 218,400. Zillow says 291,000. The accepted offer is 279,00…
From the desk:
Reviewing a small pool of seasoned second liens, 22 loans, unpaid balances 18k to 96k, weighted average coupon 9.4, seasoning 14 to 31 months. Seller wants 88 of UPB. Collateral d…
From the desk:
Duplex, both sides 2/1, bought it 26 months ago at 318k and put roughly 71k into it. New roof, both kitchens, one full electrical rework, exterior paint and a rebuilt rear stair.…
From the desk:
I took on a trainee in August. My state requires supervised hours before he can sign anything on his own, and the hour count and the co-signature rules vary by state, so anyone re…
From the desk:
A residential appraisal firm in a mid-size metro is for sale. Two certified residential appraisers, both owners, one trainee about 700 hours into supervised experience. Broker pac…