appraisal fee
1Fee — For other uses see Fee (disambiguation) A fee is the price one pays as remuneration for services. Fees usually allow for overhead, wages, costs, and markup. Traditionally, professionals in Great Britain received a fee in contradistinction to a… …
2Real estate appraisal — Real estate appraisal, property valuation or land valuation is the practice of developing an opinion of the value of real property, usually its Market Value. The need for appraisals arises from the heterogeneous nature of property as an… …
3The Appraisal Foundation — (TAF) [http://www.appraisalfoundation.org/ home page of the The Appraisal Foundation, a private, not for profit corporation] ] located in Washington, D.C., was formed in 1987 by eight major appraisal organizations (see History below) to help… …
4Uniform Standards of Professional Appraisal Practice — can be thought of as the quality control standards applicable for appraisal analysis and reports in the United States and its territories. USPAP, as its commonly known, was first developed in the 1980s by a joint committee representing the major… …
5Good faith estimate — A good faith estimate must be provided by a mortgage lender or broker in the United States to a customer, as required by the Real Estate Settlement Procedures Act (RESPA). The estimate must include an itemized list of fees and costs associated… …
6Refinancing — may refer to the replacement of an existing debt obligation with a debt obligation under different terms. The terms and conditions of refinancing may vary widely by country, province, or state, based on several economic factors such as, inherent… …
7Paid Outside Closing — or POC is a term used to describe fees or payments rendered outside of normal title insurance and underwriting fees due at the time of closing a loan. When acquiring a mortgage or refinancing, a lender or broker may show that an appraisal fee is… …
8nonrecurring closing costs — Those costs of closing a home purchase that need to be paid only once such as the appraisal fee, title insurance, and transfer taxes. (Compare with recurring closing costs) Category: Real Estate & Rental Property Nolo’s Plain English Law… …
9Dodd–Frank Wall Street Reform and Consumer Protection Act — Full title An Act to promote the financial stability of the United States by improving accountability and transparency in the financial system, to end too big to fail , to protect the American taxpayer by ending bailouts, to protect consumers… …
10Loan origination — is the process by which a borrower applies for a new loan, and a lender processes that application. Origination generally includes all the steps from taking a loan application through disbursal of funds (or declining the application). Loan… …
