Action Steps to Take Against Appraisal Bias
Action Steps to Take Against Appraisal Bias
Work is underway on multiple fronts to quash bias in the appraisal process. If you see an issue, you can speak up, too.
You can contact us to get more choices
0
You can contact us to get more choices
Related posts
Work is underway on multiple fronts to quash bias in the appraisal process. If you see an issue, you can speak up, too.
Work is underway on multiple fronts to quash bias in the appraisal process. If you see an issue, you can speak up, too.
It may mean that this will turn out to be the bellwether test case for other similar lawsuits against appraisersโฆ Folks, a San Francisco, CA US District Court Judge has ruled that the bias suit against an appraiser can proceed. This link has the story: Judge finds plausible race discrimination in Black coupleโs lawsuit over lowball appraisal | Courthouse News Service Appraiser Janette Miller with Miller and Perotti Real Estate Appraisers was hired by appraisal services company AMC Links to d...
It may mean that this will turn out to be the bellwether test case for other similar lawsuits against appraisersโฆ Folks, a San Francisco, CA US District Court Judge has ruled that the bias suit against an appraiser can proceed. This link has the story: Judge finds plausible race discrimination in Black coupleโs lawsuit over lowball appraisal | Courthouse News Service Appraiser Janette Miller with Miller and Perotti Real Estate Appraisers was hired by appraisal services company AMC Links to d...
After firing the law firm over its handling of a legal dispute involving a homebuilder, the city of Phoenix has filed a lawsuit against the firm over its handling of that previous case.
After firing the law firm over its handling of a legal dispute involving a homebuilder, the city of Phoenix has filed a lawsuit against the firm over its handling of that previous case.
With advances in data engineering and modeling, we can begin correcting some of the bias and issues in the modern appraisal process.
The post Opinion: A unified approach for reducing appraisal bias appeared first on HousingWire.
With advances in data engineering and modeling, we can begin correcting some of the bias and issues in the modern appraisal process.
The post Opinion: A unified approach for reducing appraisal bias appeared first on HousingWire.
Automated valuations tested on 50 ZIP codes in Chicago yielded no signs of racial bias, even on undervalued properties where disparities most frequently surface, according to a new Veros Real Estate Solutions study, which presents a contrast to other recent findings related to appraisal models.โWe looked at whether the size of the errors is dependent on the racial composition of an area, and we found that it is not,โ Research Economist Reena Agrawal, said in an interview about the report sh...
Automated valuations tested on 50 ZIP codes in Chicago yielded no signs of racial bias, even on undervalued properties where disparities most frequently surface, according to a new Veros Real Estate Solutions study, which presents a contrast to other recent findings related to appraisal models.โWe looked at whether the size of the errors is dependent on the racial composition of an area, and we found that it is not,โ Research Economist Reena Agrawal, said in an interview about the report sh...
The topic of real estate agent commissions is one that often sparks debate. Some homeowners feel that they should only have to pay their agent a commission if the home is sold, while others believe that the agent should be paid for their time and effort regardless of whether or not the sale is finalized. As a general rule, real estate agents in the United States are paid on a commission basis, though some may offer a flat fee for reduced services. The standard commission is typically 6% of the h...
The topic of real estate agent commissions is one that often sparks debate. Some homeowners feel that they should only have to pay their agent a commission if the home is sold, while others believe that the agent should be paid for their time and effort regardless of whether or not the sale is finalized. As a general rule, real estate agents in the United States are paid on a commission basis, though some may offer a flat fee for reduced services. The standard commission is typically 6% of the h...
A Maryland couple is suing appraisal firm 20/20 Valuations, its appraiser and mortgage lender loanDepot after their home was appraised at a far lower value than it was a few months later when they removed indications that a Black family lived there.
The post Appraisal firm, loanDepot sued by Black couple for bias appeared first on HousingWire.
A Maryland couple is suing appraisal firm 20/20 Valuations, its appraiser and mortgage lender loanDepot after their home was appraised at a far lower value than it was a few months later when they removed indications that a Black family lived there.
The post Appraisal firm, loanDepot sued by Black couple for bias appeared first on HousingWire.
The results of this 2021 white paper: Appraisal overvaluation: Evidence of price adjustment bias in sales Comparisons co-authored by Frank Nothaft are pretty interesting. At first glance, I get the CoreLogic evil empire stuff, but step back and take it all in. Hereโs the abstract.
The results of this 2021 white paper: Appraisal overvaluation: Evidence of price adjustment bias in sales Comparisons co-authored by Frank Nothaft are pretty interesting. At first glance, I get the CoreLogic evil empire stuff, but step back and take it all in. Hereโs the abstract.
On this episode, Gino and Josh interview Nick DiLeone. Nick leads all aspects of Leone Real Estate Partners focusing on capital raising, investor relations, deal sourcing and asset management. Nick has 19+ years of commercial real estate experience as a Senior Asset Manager at one of the largest real estate owners in the world Nuveen Real Estate. Key Insights: 00:00 Introduction 02:20 Learning from the community 05:58 Taking small actions each day 09:02 Abundance mindset pays-off in Jake and Gin...
On this episode, Gino and Josh interview Nick DiLeone. Nick leads all aspects of Leone Real Estate Partners focusing on capital raising, investor relations, deal sourcing and asset management. Nick has 19+ years of commercial real estate experience as a Senior Asset Manager at one of the largest real estate owners in the world Nuveen Real Estate. Key Insights: 00:00 Introduction 02:20 Learning from the community 05:58 Taking small actions each day 09:02 Abundance mindset pays-off in Jake and Gin...