Lincoln Appraisal and Settlement Services, a real estate and residential appraisal service company, has recently added a New York mortgage firm to its long list of clients.
The nationwide appraisal services provider, DartAppraisal.com, has been chosen by real estate company HomeTelos, to provide appraisal services for their single family home portfolio.
The continuous downward trend of the U.S. residential real estate market resulted in more real estate appraisal services companies being sued by clients. The difference for the current year, according to market observers, is that there are more borrowers filing lawsuits compared with previous years.
Residential properties in Lincoln County are being re-evaluated, not by commercial appraisal service providers, but by the county's own appraisers. Assessment starts at North Platte.
The state department that provides property appraisal services to Vermont residents has modified the requirement for calculating the Common Level of Appraisal for the town of Stratton. The department based its decision on a six-month study and not on a three-year examination.
Some real estate appraisers have admitted that the Code of Conduct for Home Valuation initiated by Fannie Mae has some bearing on the way they conduct their businesses.
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