San Diego appraisal,Temecula Appraisal, Information – Harold Canum's-Appraisal Resource (866) 278-6783

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What is my property really worth?

September 11th, 2009 10:57 AM

So as an appraiser I'm looking around my neighborhood and wondering
what is happening in Temecula,California. When I do my research
I'm particularly interested in my home's model. So off I go to find out
that the model that I live in has recently sold for $400,000 and
upon further research I find out that the purchaser(because they
liked the home so much) paid $50,000.00 more than the asking price.
Wow- It's true not only in my area but in many of the areas that
I do appraisal work such as San Diego, Riverside, Orange and Los Angeles
counties, property is beginning to sell over the appraised value.
Maybe there is hope! I hope the foreclosure moritorium that ends as of
September 15 doesn't flood the market and cause too many head aches!

Posted by Harold Canum on September 11th, 2009 10:57 AMPost a Comment (0)

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Fha appraisal

August 29th, 2009 4:39 PM

So I’m sitting and talking to one of my favorite real estate agents the other day and he tells me that after 3-4 weeks of processing another FHA loan, that the FHA appraiser has brought the appraisal in $40,000 under the sales price. I was just wondering one thing. Maybe real estate agents should order an FHA appraisal at the time when they take the listing if they are going to accept an FHA offer. Remember that FHA appraisals aren’t subject to hvcc compliance yet. Most appraisers know who they are approved with for FHA appraisals and could probably direct you to a good lender. What a concept? We appraise for Temecula, All of Riverside, San Diego, Orange, San Bernardino and Los Angeles Counties.

Posted by Harold Canum on August 29th, 2009 4:39 PMPost a Comment (0)

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Hvcc Guideline Comment

June 14th, 2009 3:47 AM

Today I write in concern for the appraisal industry. Once again the big guy wins and the little guy gets pushed out unjustly. It seems that nobody has any concern for the small appraiser or small appraisal business. This happened when the Hvcc guideline was implemented by the too big to fail organizations known as Fannie Mae and Freddie Mac.

I was just reading about the class action lawsuit that claims that Washington Mutual influenced Eappraiseit to falsify appraisal reports over the past years.

How is it now that under Hvcc we allow the Too Big to Fail Banks to own appraisal companies while we squeeze out the small appraisal company that has spent years developing relationships in their local market place through contacts with mortgage professionals and community banks and mortgage bankers.

Have we forgotten that this country was made great by small business.

Posted by Harold Canum on June 14th, 2009 3:47 AMPost a Comment (0)

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Modification Help Please!

April 9th, 2009 7:25 AM

I have been hearing from my appraisal customers that are trying to do loan modifications through their lenders... in particular Countrywide, that they are not being responded to in a reasonable time frame. Does anyone have any other information that might be helpfull?

Posted by Harold Canum on April 9th, 2009 7:25 AMPost a Comment (0)

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Foreclosure Halt

March 1st, 2009 4:42 AM

AS of February 17 Fannie Mae has indicated that they will be halting foreclosures as follows:

With the anticipated announcement by the Obama Administration of a foreclosure prevention and loan modification program, Fannie Mae is again instituting a temporary halt to all foreclosure sales on occupied single-family properties scheduled to occur from February 17 through March 6, 2009. The temporary foreclosure halt will apply to portfolio mortgages and MBS pool mortgages owned or guaranteed by Fannie Mae and to foreclosures of homes that are already in process. Fannie Maes also extending its existing temporary halt of all eviction proceedings through March 6, 2009.

at Harold Canum's - Appraisal resource we are happy to see this development and look forward to seeing what kind of mortgage assistance will be provided in the near future especially when appraising in the riverside county areas of California, where prices seem to be in a near free fall in some areas. I hope this can help people!

Posted by Harold Canum on March 1st, 2009 4:42 AMPost a Comment (2)

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