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January 26, 2012 President Obama’s Refinance Plan
President Obama delivered his state of the union address this week. During his speech, he announced his intention to send a plan to Congress that will allow all homeowners who are current on their mortgages to refinance. The Wall Street Journal today published “Six Questions on Obama’s Mortgage Refinance Proposal” to further explain his plans. [...]
November 24, 2011 On Being Thankful
This Thanksgiving, we’re thankful not only for our friends and families, but for all of our customers and supporters who make it possible for us to do what we love. From all of us here at Present Value, we wish you a wonderful holiday. Present Value LLC is a worldwide international appraisal and advisory company [...]
November 22, 2011 Inheriting a Mortgage
The death of a loved one can bring with it great sadness … and in some cases, a mortgage. The recipient of a deceased person’s home has a lot to think about. In some cases, the will might state that other assets should be sold to pay off the mortgage, but in others the mortgage payments can [...]
November 2, 2011 The Sensible Accounting to Value Energy (SAVE) Act
A bill now making its way through Congress, the Sensible Accounting to Value Energy (SAVE) Act, is garnering a groundswell of support from those within the real estate appraisal industry. Under the SAVE Act, federal loan agencies would assess a borrower’s expected energy costs when financing a house. The U.S. Department of Housing and Urban [...]
September 13, 2011 Flooding and Your Home’s Value
People are already a bit skittish when it comes to buying real estate, and water damage, even if it was only a little water seepage under extreme conditions, can kill a buyer’s confidence in a home purchase. Home owners dealing with water damage from major storms may be dealing with lack of buyer confidence for [...]
June 1, 2011 Property Selling Moves to Reality TV
Brokers selling real estate have turned to reality television to give people a glimpse into their lives and help move property. Two new shows, “Selling New York” and “Million Dollar Listing,” which is based in LA, have added new elements to real estate agents’ marketing strategies. Recently, on “Selling New York,” the stars of the [...]
April 7, 2011 A House with a Past
It’s like a real life Amityville Horror. There’s a beautiful house available in a fabulous neighborhood in New York with very little turn-over, but the house just won’t sell. A murder took place in the home. The home was appraised at well over a million dollars, but the realtor has to keep dropping the selling [...]
March 1, 2011 Five Posts to Help You Navigate Your Business’s Taxes This Year
Everyone’s favorite time of year – tax time – is just around the corner. Here are five blog posts that can help you as you begin to pull all your paperwork together to file. Cost Segregation If you are planning on buying or improving a building for your business, your CPA may recommend a cost [...]
December 30, 2010 Present Value’s Year in Review 2010
As we bid farewell to 2010 this weekend, it’s important to reflect back on all the things that we’ve seen and learned this year. To start, check out New Year’s 2010 blog. January seems so long ago, but we saw the FHA change its rules for home borrowers, raising its upfront mortgage insurance premiums. In [...]
November 23, 2010 More International Financial Reporting Standards (IFRS) Information Is Available
We’re still receiving phone calls from people looking for IFRS information. It’s a pretty new concept for people in the United States and there isn’t a lot of readily available information, so we’re working to educate our clients as information becomes available. As we discussed in our first post on this topic, IFRS will replace [...]