The average foreclosure costs a lender $60K. The mortgage markets have placed greater emphasis on ensuring the quality, integrity, and accuracy of appraisals and appraisal reviews. To determine if an appraisal provides a credible property value and if the appraisal report is acceptable, you need to be aware of key aspects of the appraisal and the appraisal review process. We will take a look at some of the common pitfalls in the appraisal process and best practices that help ensure quality appraisals.
This is Part II of our VI-Part 2018 Safe Deposit Series. The webinar explains the difference between the two types of safe deposit contracts: (1) the common contract form, and (2) the generic contract form. This session also explores the need for contract cards for each individual type of contract: individual, sole proprietor, fiduciary, committee, trustee, estate, minor, and guardian.