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Ben Franklin Didn't Quite Get it Right
When Ben Franklin said "a penny saved is a penny earned", he didn't quite get it right. Actually, a penny saved is worth more than a penny earned. Do you find this statement shocking? I am about to prove to you that what I'm saying is true. Most...
Debt Settlement -- Why The Critics Are Wrong
After October 17, 2005, a lot of people are going to become interested in debt settlement as an alternative to bankruptcy. That's the date the new bankruptcy law goes into effect, and it means a rude awakening for many consumers seeking a fresh...
IRS Reports Tax Gap of $300 Billion
The Internal Revenue Service is reporting that the difference between what U.S. taxpayers owe and actually pay on time totals more than $300 billion a year. Studying over 46,000 tax returns for individuals revealed the tax gap. These results...
Succession - Three Tips to Ease The Transition
Succession - Three Ways to Ease the Transition The succession process can cause havoc in the family business and the family. Especially if the process occurs only once and without a significant investment in planning. Here are three ideas to help...
The Significance Of A Bakery Business Plan
One of the most enjoyable of all businesses to run, at least for
those with the skill to run it, is a bakery. After all, being
surrounded by cakes, pies and other pastries all day is a dream
come true for many people.
No matter how skilled...
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Reasons and Owners of Appraisals
Reasons for an Appraisal Appraisals are normally ordered when
you are obtaining a loan on a property. However, there are many
other reasons why you might want an appraisal.
To dispute your property taxes To establish the replacement cost
for insurance purposes To settle a divorce To settle an estate
To buy out a partner To help negotiate a purchase price either
as a buyer or as a seller To satisfy the IRS To settle a lawsuit
To protect your rights in a condemnation case
Who owns the appraisal? In almost every case the appraisal is
owned by your mortgage company, even though you may have paid
for it. This is because your mortgage company orders the
appraisal on your behalf, and the appraiser lists that mortgage
company on the appraisal report. Even though the mortgage
company owns the appraisal, you have the right to receive a
copy. It is at the mortgage company's discretion whether to give
you the original appraisal. What if I decide to use another
mortgage company after the appraisal has been completed?
This does not necessarily mean you will have to pay for another
appraisal. Your first lender can transfer the appraisal to your
new lender. Some appraisal firms may charge a small fee,
however, because there is clerical work involved in editing the
appraisal to reflect the new mortgage company. This fee is
called an "Appraisal Retype Fee." The original mortgage company
has the right to refuse to transfer the appraisal to another
lender. In this event, you will need to get a new appraisal.
About the author:
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