Beverly Bayer's (bbayer) Blog

I think bail out is the wrong term - the government is not giving our tax dollars away - they are buying mortgage loans - at a discount with our money. They will buy packages of mortgages - lets break it down to 1 mortgage loan: $300,000 loan (100% financing) made in 2006  --  property is now wor...

Home prices are down 50% between August 2007 and August 2008. Over 2 years prices are down between 50% and 60% - with a $200,000 loss of value per house not unusual. About 60% of single family homes for sale now are priced under $200,000 In February 2006 50% of the listings were priced over $400,...

As an appraiser I get lots of e-mails to sign up for appraiser lists - typically with an annual or monthly fee.  I will go the site to check out the coverage in my area of Southern California - and I am SHOCKED on the number of listings for appraisers living miles and miles away - claiming they c...

There are several reasons why homeowners got into toxic loans or got into a position of not being able to make the current mortgage payments: True Hardship:  They were able to make the payments (well qualified) but something happen - such as divorse, job loss, illness or death.  Idenity theft: so...

Who is Responsible for the Mortgage Mess? Beverly A. Bayer, SRA - Real Estate Appraiser, Moreno Valley, CA. Is it the couple who bought their first home? Found by their real estate agent? Who suggested the loan broker? Who placed them into a loan, made possible by an appraiser's value? Funded by ...

Who is Responsible for the Mortgage Mess? Beverly A. Bayer, SRA - Real Estate Appraiser, Moreno Valley, CA. Is it the couple who bought their first home? Found by their real estate agent? Who suggested the loan broker? Who placed them into a loan, made possible by an appraiser's value? Funded by ...

Was I a bad girl (appraiser)? Beverly A. Bayer, SRA - Moreno Valley, CA This week I finished an appraisal concluding that the property was selling for 15% over current market value, knowing it could probably kill the deal.  I know the real estate agents will not be happy, and probably the loan br...