Approved Living Area Appraisers are required in the normal course of business to accurately report improvements. Inclusive in the requirements is the overall square footage. This includes the “FEMA approved living area appraisal”. Depending on the scope of work, it is…
Appraising Flood Plains
Appraising flood plains or FEMA designated flood areas can be a bit challenging. In the wake of the many storms that produced “rising water” of various types, consumers have come to realize the significant damage that a storm can cause.…
Terminology “B”
BALLOON MORTGAGE A mortgage loan in which the monthly payments are not large enough to repay the loan by the end of the term. So at the end of the term, the remaining balance comes due in a single large…