Five federal regulatory agencies today issued final guidance addressing reconsiderations of value for residential real estate transactions. The guidance advises on policies and procedures that financial institutions may implement to allow consumers to provide financial institutions with information that may not have been considered during an appraisal or if deficiencies are identified in the original appraisal. To read the entire press release, go to: https://lnkd.in/gJdEg9W4
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Five federal regulatory agencies today issued final guidance addressing reconsiderations of value for residential real estate transactions. The guidance advises on policies and procedures that financial institutions may implement to allow consumers to provide financial institutions with information that may not have been considered during an appraisal or if deficiencies are identified in the original appraisal. To read the entire press release, go to: https://lnkd.in/gJdEg9W4
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FINAL REPORT - THE ENFORCEMENT OF MORTGAGE-TYPE SECURITY OVER REAL ESTATE: IS REFORM OF THE LAW NECESSARY? This Final Report contains recommendations which seek to respond to issues that relate to enforcement of mortgage-type security over residential properties and is supported by a proposed “Registered Land (Amendment) Bill, 2021”. The proposed Bill for consideration is attached as Appendix 1.
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Click the link below to ensure you are informed about the latest guidance concerning Reconsiderations of Value for Residential Real Estate Valuations. #MyMagnoliaBank #valuations #rovprocess #FDIC
Along with other federal regulatory agencies, we finalized the guidance on Reconsiderations of Value for Residential Real Estate Valuations. https://lnkd.in/ercw2YJ8
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Why is an accurate appraisal important for trust and estate planning? "Accurate appraisal forms the bedrock of trust and estate planning for commercial properties," says Valtrust Managing Director Drew Han, MAI. "It ensures that the true market value of the property is documented, which is vital for tax purposes, equitable distribution, and achieving the estate owner's objectives." Want to read our FREE Trust & Estate Planning FAQ? Fill out this quick form and we will send it to you: https://bit.ly/4bFMo5c
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Navigating the estate distribution process can be complex and time-consuming. On average, it takes 6 months to a year to settle an estate, but this can vary based on factors like estate size, complexity, and state laws. Patience is key, but with the right guidance, you'll ensure everything is handled smoothly and correctly. Stay informed and read more here: https://lnkd.in/ez6z5frU Do you find this helpful? Don't forget to share! #EstatePlanning #Trusts #WealthManagement
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Navigating the estate distribution process can be complex and time-consuming. On average, it takes 6 months to a year to settle an estate, but this can vary based on factors like estate size, complexity, and state laws. Patience is key, but with the right guidance, you'll ensure everything is handled smoothly and correctly. Stay informed and read more here: https://lnkd.in/ewE3a58f Do you find this helpful? Don't forget to share! #EstatePlanning #Trusts #WealthManagement
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An irrevocable trust is a secure financial plan where, once assets are placed, they cannot be changed, offering stability and control over your estate. Irrevocable trusts also offer estate tax reductions that other forms of trusts may not. To learn more about estate planning basics, visit FFIN.com/plan-ahead.
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In a pivotal move with significant implications for the real estate sector, the U.S. Circuit Court of Appeals in D.C. has ruled in favor of the DOJ, allowing it to reopen its investigation into the NAR. This decision overturns a previous agreement and sets the stage for a deeper examination into NAR’s Participation Rule and Clear Cooperation Policy, potentially reshaping the landscape of real estate transactions in the U.S. Read the full details on HousingWire. We are heading to a 1 broker system. 🔍💼 #RealEstate #DOJ #NAR
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Tax season is a great time to plan ahead for ways to reduce your tax payments for future years. Did you know irrevocable trusts offer estate tax reductions that other forms of trusts may not? Read Grant Seabourne, CFP®, CTFA's full article here: FFIN.com/plan-ahead.
An irrevocable trust is a secure financial plan where, once assets are placed, they cannot be changed, offering stability and control over your estate. Irrevocable trusts also offer estate tax reductions that other forms of trusts may not. To learn more about estate planning basics, visit FFIN.com/plan-ahead.
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A letter of instruction provides additional and more personal information regarding your estate. Read more: https://bit.ly/3Me9jtX #M3Investments #FinancialAdvisor #EstatePlanning
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