I was looking at a home this week, for an FHA loan, that had screw in fuses. Have you ever seen these? They use to be common years ago, however at some point they were replaced with circuit breakers. I have been asked by homeowners and real estate agents if these fuses meet HUD’s minimum […]| Birmingham Appraisal Blog
On January 18th a new law went into effect that could potentially prolong loan closing dates because it will require lenders to provide a copy of the appraisal or other valuation tool used to make a loan decision to their customer as soon as it is completed or 3 days prior to the closing, whichever […]| Birmingham Appraisal Blog
I was recently asked by a real estate agent if a sunroom could be included in the gross living area of a home. The is the explanation I gave them.| Birmingham Appraisal Blog
I had a reader email me a question last week asking why they should get an appraisal on their home, and I want to share with you the answer I gave them with the hope that it can help you make a similar decision. This person asked me “Why do I need to get an […]| Birmingham Appraisal Blog
