Regulators are considering changes to the home appraisal process that could have major repercussions for homeowners and buyers. A drive-by appraisal doesn’t mean an appraiser just drives past your ...

Whether you’re a homebuyer or seller, it’s easy to confuse a home appraisal and a home inspection. After all, both involve a professional visiting your home and evaluating the premises. However, there ...

Luke Tomaszewski, an appraiser doing home inspections in the aftermath of the housing bust, was traveling as much as an hour across Chicago just to snap exterior photos of bank-owned properties.

Jessica Port, George Reede, Jr. Although courts disagree on whether to refer to appraisal as “arbitration”, they are virtually unanimous regarding the practical differences between the two. For ...

Before a commercial property can be bought, leased or financed, the professionals working on a deal need to have a baseline understanding of how much the building is worth. Determining that value ...

If you're buying a home or thinking about getting into the market soon, you've probably been told that you need an appraisal. This is an inevitable part of buying a home for anyone who needs a ...

No-appraisal home equity loans can be processed faster than those that require an in-person assessment.

Over the past year and a half, I’ve seen unprecedented market activity that has led to buyers taking more and more risks to stay competitive when making an offer on a home. Waiving the appraisal ...

A home equity line of credit (HELOC) has traditionally been a cost-effective way to borrow money. With the home in question serving as collateral, borrowers tend to be offered lower interest rates ...