Author Archives: Fl appraiser

Florida Bankruptcy, Foreclosure, Short Sales

This is the best explanation of the foreclosure process that I have found.  Follow the link below to read the entire article. Mortgages, Foreclosures, and Short Sales Anatomy of a Mortgage A mortgage is a loan backed by real estate. … Continue reading

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Appraiser as an Expert Witness

The 1993 U.S. Supreme Court case Daubert v. Merrill Dow Pharmaceuticals created a new rule regarding the admissibility of expert testimony in all types of court cases by establishing new criteria and designating the judge as “gatekeeper” to evaluate the … Continue reading

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Is That Addition Living Area?

Realtors, have you ever shown a home that includes a new addition or the conversion of another space, like a garage or porch?  Of course you have.  And the next thing you did was review the listing to see if … Continue reading

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Now is the Time to Buy!

Fla. in top five for home price appreciation  NEW YORK – May 10, 2012 – Tighter housing inventories are starting to lift home prices, says Anand Nallathambi, CoreLogic’s CEO. CoreLogic’s latest home price index, which includes distressed sales, shows a … Continue reading

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Pinellas County Home Foreclosure Filings Spike as Prices and Sales Level Off

Whether it was the anticipation of the foreclosure settlement or simply because lenders must eventually move their distressed inventory, initial foreclosure filings in Pinellas County rose sharply in December and January.  This follows the huge drop in filings after the … Continue reading

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Fannie and Freddie’s Role

Fannie, Freddie Suits Negate Dodd-Frank By PAUL SPERRY Posted 02/10/2012 06:33 PM ET New evidence Fannie Mae and Freddie Mac hid their subprime exposure from Wall Street delegitimizes both the diagnosis of the crisis and its prescription — the Dodd-Frank Act. … Continue reading

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The Hidden Truth

Audacity Of Dishonesty Hijacks Truth In Lending Subprime Scandal: Announcing a massive $26 billion mortgage deal with “abusive” banks, the president blamed everybody for record foreclosures except the party most culpable: government. Speaking Thursday from the White House, Obama scolded … Continue reading

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Market Bottom or Beginning of Final Leg Down

In my last newsletter I discussed the sharp drop in available housing inventory and how it has been leading to an increase in the average sale price of residential properties.  The chart below is of Pinellas County and reiterates this … Continue reading

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Market Conditions

Far and away the Number #1 question I am asked is, “Marsh where is the housing market headed?” or some variation thereof.  While I am have always freely given my advice when asked, often contradicting the conventional wisdom (see housing … Continue reading

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Shadow Inventory?

Shadow Inventory Gets More Shadowy Tim Cavanaugh | April 26, 2010 If you’ve been trying to keep track of the “shadow inventory” of homes that are destined to be foreclosed and come onto the market within the next few years, … Continue reading

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