Category Archives: loan

Agents, add appraisal clause to your contracts, Mary Cummins

Attention real estate agents. Please, add an appraisal clause to your offers, contracts. Here’s a sample, “If the appraised value is $10,000 less than the contract price, buyer will make up the difference in cash. If the appraised value is … Continue reading

Posted in agent, amc, animal advocates, appraisal, appraiser, broker, buyer, clause, contract, lender, loan, mary cummins, real estate, sell | Leave a comment

Appraisers are not "derailing" home sales, Mary Cummins

This writer below feels that real estate appraisers are holding the market back. The writer states that we consider tax assessment values in our appraisals. No, we don’t. That would not be legal or accurate. I clear up a few … Continue reading

Posted in amc, appraisal, appraiser, bank, california, financing, foreclosure, loan, los angeles, mary cummins, price, ratio, real estate, recession, refinance, reo, sale, uspap, value | Leave a comment

AMC appraisal guidelines, Mary Cummins, Cummins Real Estate Services

Mary Cummins, Cummins Real Estate Services This article is a response to an article in “Valuation Review.” The article is titled  “Survey: Realtors report contracts still impacted by low appraisals. ‘Realtors reported that a percentage of contracts are being canceled, … Continue reading

Posted in amc, appraisal, appraisal management company, appraiser, bank, instructions, loan, mary cummins, purchase, real estate, refinance | Leave a comment