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Real Estate Appraisal Process for New York Home Buyers [Video]

In this week’s episode of the Mortgage Monday video show, hosts Jim Cardinal and Alexis Meeks discuss the real estate appraisal process for New York home buyers. It’s important to understand that under New York regulations mortgage brokers cannot communicate directly with real estate appraisers.

There are two main ways that mortgage brokers contract for real estate appraisals:

  1. Using a separate in-house department for the real estate appraisal.
  2. Hiring a 3rd party real estate appraisal firm to the work.

Get the full detail in this video:

(if you can’t see the video click here)

Thankfully, we have Jim Cardinal, Branch Manager for Syracuse Securities {visit his website to learn more} and Alexis Meeks of Karp, Ackerman, Skabowski & Hogan CPAs {Connect with Alexis on LinkedIn} to explain what is happening in the mortgage industry, how issues will impact the home buying process and what actions to take moving forward.

You can reach them by phone at:

  • Jim Cardinal | (518) 281-0077
  • Alexis Meeks | (518) 828-7618

We can help with homeowners insurance.

If you are a first time home buyer or if you currently own a home, we would love the opportunity to help you find the proper coverage at the most competitive rate for your home insurance or rental property insurance.  We are dedicated to helping you make the best decisions regarding your insurance and seek to provide resources like Mortgage Mondays as part of that dedication.

If you would like to receive a quote, give us a call at (518) 456-6688 or click here to begin the process by email.

Thank you,

Ryan Hanley, CIC

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