Manufactured Vs Modular Homes

Manufactured Vs Modular Homes

What exactly is manufactured home and how does it vary from a modular home? A manufactured home (also known as a mobile home) is a single or multi-sectional home constructed on a long-lasting frame, like a steel undercarriage/chassis, with a removable transportation system (hitch and wheels). The model is permanently mounted on a site-built support and is influenced by the 1976 federal standards established by the Department of Housing and Urban Development (HUD). A modular home is constructed in a factory using conventional home floor joists and delivered to a site on a trailer or flat bed truck. The delivered home might be in the form of panels which are put together at the site, can be pre-cut and assembled on site, or may be ready-to-go and shipped in one piece. The home, panels or pre-cut panels are upraised from the trailer and attached to a foundation. A modular home might be single or multi-storied. Modular homes are not susceptible to HUD standards, however, must be built to state and local Uniform Building Codes. Click here for a modular home or manufactured home...
Appraisal Reviews

Appraisal Reviews

Our Appraisal Review Services The Federal Reserve has now reiterated that “financial institutions must have an effective, independent real estate appraisal and evaluation program,” and that appraisers performing reviews should “have the knowledge and expertise to assess compliancy with the Federal Reserves appraisal regulations and guidelines.” Right here at Appraise Colorado Inc, we provide appraisal review solutions which are independent, qualified, professional and square with the Federal Reserve’s standards. Appraisal reviews “need to determine whether the appraisal or evaluation is suitable for the transaction, the risk of the transaction, and whether the process wherein the collateral valuation is acquired ensures independence and quality,” the Feds say. “They must also identify whether or not the appraisal or evaluation report is similar to the letter of engagement, which sets forth the scope of the appraisal assignment.” The Feds also note that “some banks add regular reviews with post-funding evaluations of appraisal grade for some of their higher-risk or greater-value transactions as a control to assist in detecting valuation problems.” In addition to contouring our work to the forms and recommendations of our review customers, there are four Fannie Mae forms that are commonly utilized for review services, and we can prepare an appraisal review on any or all of them. These include an appraisal “desk” review, a “field” review, a “short” form and a “narrative” form. Here at Appraise Colorado Inc, we are experienced in all types of appraisal reviews, review processes and the duties of review appraisers. We understand what produces a quality appraisal and what the most common inefficiencies are, especially in our home market. Simultaneously, we are professional...
About the HVCC

About the HVCC

About the HVCC Just what is the purpose of the HVCC? Enacted May 1, 2009, the Home Valuation Code of Conduct (HVCC) is a set of rules for the mortgage financing and real estate appraisal industries. The intended function of the HVCC is to safeguard appraiser independence and prevent stress from being placed on appraisers to generate a sought after property value. In the end, these safeguards are intended to protect consumers. Although there’s been considerable argument about the unintended repercussions of the HVCC, conformity is required for all financial loans backed by Fannie Mae or Freddie Mac. So what can I expect to change because of the HVCC? Absolutely nothing changes in the actual appraisal reports we generate. We’ve always aimed at ensuring precise, independent valuations in our appraisal reports. This is the core value of our business. We’ll continue to do that running forward and we’re prepared and qualified to make sure every little thing we do is in accordance with the HVCC. The process of ordering appraisals has changed, however. If you are a homeowner in need of an appraisal of your house, a lawyer needing a property appraisal, and even if you’re working for a small community bank or credit union and will continue to communicate directly with appraisers, click here -ORDER- to order an appraisal now. If you are a mortgage loan officer or a home mortgage broker who isn’t allowed to order appraisals right from an individual appraiser and are searhing for an HVCC-compliant appraisal ordering system or service, I recommend using the Mercury Network -Click Here- for ordering HVCC-compliant appraisals. I’m actually...
Winterizing Your Home

Winterizing Your Home

Winterizing Your Home Whether you are purchasing or selling a home, you should have an expert home inspection performed. Get in touch with us for additional information about home inspections and a referral to a respectable home inspector in your area. A home inspection will look at the systems that make up the building such as: Structural elements, foundation, framework etc Plumbing systems Roofing Energy systems Aesthetic condition, painting, siding etc Related Article: Winterization Tips to Save Energy If you are buying a home, you should know exactly what you are getting. A home inspection, conducted by an experienced house inspector, will reveal any hidden problems with the property therefore they may be addressed prior to the deal being closed. You will want to require an inspection at the time you make an official offer. Make sure the contract possesses an inspection contingency. Then, employ your own private inspector and pay close attention to the inspection report. In the event you aren’t at ease with what he discovers, you’ll want to kill the agreement. Similarly, if you find yourself selling a house, you ought to know about these types of potential obscure problems before your home goes on the market. Nearly all contracts include the condition that the contract is conditional upon completion of a satisfying inspection. And a lot of buyers are going to insist that the inspection be an expert home inspection, usually by an inspector they hire. In the event the buyer’s inspector finds a problem, it can cause the purchaser to get cold feet and the deal can often fall through. At best, surprise issues...