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January 5, 2012
by Julie Baker
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Don't Wait to Refinance!

Many people took advantage of last year’s low interest rates and refinancedtheir homes. If you didn’t do it last year, the Federal Reserve promised to keep rates low this year, so there’s still time. However, according to a quote in The New York Times from Frank Nothaft, chief economist at Freddie Mac, interest rates might start to go up a little in the spring.  

If you’re planning on refinancing this year, take action now. Begin to gather all of your documents, like pay stubs and W-2s, and check your credit report. And find an appraiser qualified to determine the value of your home. The appraiser you work with should be familiar with your area and know the rules from the Home Valuation Code of Conduct intimately. An appraisal that comes in too high or lower than you expected can derail your refinancing pla

ns, so be sure that your appraisal is as accurate as possible. If you’re planning on refinancing in 2012, contact us today!  

Present Value LLC is a worldwide international appraisal and advisory company that provides a range of professional services such as Certified Machinery and Equipment Appraisals, Inventory Appraisals, Asset Verification Services, Business Valuations, and Real Estate Appraisals. Contact us today!

By: Present Value

Additional Reading

Is Refinancing for You?

Refinancing Options for Underwater Homeowners

 

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January 3, 2012
by Julie Baker
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An Explanation of the Anti-Flipping Waiver

The recent announcement by the Federal Housing Administration (FHA) that they will extend the waiver of anti-flipping regulations through 2012 is welcome news to the entire real estate industry. But just what are “anti-flipping regulations” anyway?

First, let’s define flipping in this context. Property flipping refers to the practice in which a recently acquired property is resold for a considerable profit. Most property flipping occurs within a matter of days after acquisition, and usually with only minor cosmetic improvements, if any.

In May 2003, FHA and the Department of Housing and Urban Development (HUD) issued regulations stating that any home that was owned for less than 90 days could not be purchased by a buyer using an FHA-insured mortgage.

In 2010, in recognition of the housing crisis and given the large number of foreclosed homes sitting vacant, HUD and FHA realized that allowing investors to buy these homes, fix them up, and resell them quickly for a profit wa

s not such a bad idea after all.

With the extension of the anti-flipping waiver, most investors are working on homes that are catering primarily to the first-time-buyer market. And restoring the value of run-down homes can rid cities of the foreclosure blight while improving overall property values.

Present Value LLC is a worldwide international appraisal and advisory company that provides a range of professional services such as Certified Machinery and Equipment Appraisals, Inventory Appraisals, Asset Verification Services, Business Valuations, and Real Estate Appraisals. Contact us today!

By: Present Value

Additional Reading

Property Values in the Age of Foreclosures

Home Affordable Foreclosure Alternatives

Homeowners Foreclose on a Bank

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January 1, 2012
by Julie Baker
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Happy New Year from Present Value

A New Year is upon us, and what better time to reflect upon the year that’s swiftly coming to a close?

At Present Value, 2011 was an eventful year, to say the least. We saw President Obama propose pulling the plug on Freddie and Fannie. There were additions to the real estate vocabulary: foreclosure mill, mortgage mill, and appraisal mill. We reported on the growth of the number of strategic defaulters in the market. There was continued debate as to whether or not the U.S. should adopt IFRS. And, of course, the big news was that Present Value went Bait Your Ex Back – 75% Commission & Rocking 3.8% Conversionsesent-value-llc%E2%80%99s-move-into-the-international-appraisal-business-and-why-it-will-benefit-our-clients/”>international.

As we move into 2012, we will continue to stay on top of the latest news and trends in real estate appraisal, as well as in machinery & equipment appraisal. And we’ll also continue to do what we do best – appraise!

A special thanks to all of our friends, colleagues, and business partners who made 2011 so memorable. On behalf of all of us at Present Value, we wish you a happy, safe, and prosperous New Year.

Present Value LLC is a worldwide international appraisal and advisory company that provides a range of professional services such as Certified Machinery and Equipment Appraisals, Inventory Appraisals, Asset Verification Services, Business Valuations, and Real Estate Appraisals. Contact us today!

By: Present Value

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December 29, 2011
by Julie Baker
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Happy New Year!

The entire EquipNet team wants to wish you a peaceful and prosperous New Year.

For assistance with buying, selling, or managing surplus equipment and technology assets in 2012, please contact EquipNet.

www.EquipNet.com

50 Hudson Road
Canton, MA 02021
Toll-free 888.371.6555
Tel: 781.821.3482
FAX: 617.671.1269
sales@equipnet.com


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December 28, 2011
by Julie Baker
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January Equipment Auctions

Mark your calendar for these January auctions.

1/10/2012: Live and webcast auction in Las Piedras, Puerto Rico. Unilever is closing a cotton swab manufacturing facility in Las Piedras, Puerto Rico. Exceptional of

fering of production, packaging, facility support equipment and moreore! Register today.

1/11/2012: Online lab equipment auction, featuring equipment from Elan and other leading global firms! Register now for great deals on well-maintained lab equipment.

1/18/2012: Online auction of intravenous medical device production and packaging equipment. Complete facility closure! Pre-register and check out the auction lot catalog.

1/19/2012: Online auction of chemical manufacturing mechanical spares warehouse, featuring valves, drives and gearboxes, motors, pumps and more, now surplus to the ongoing operations of Merck! Register today.


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