David C. Johnson
Senior Member
- Joined
- Jan 15, 2002
<span style='color:darkblue'>I too have appraised for Habitat. As someone posted recently, Jimmy Carter will probably go down in history as our most humanitarian president partly for his work with Habitat, but he has done all kinds of stuff in other countries too. He has a new book out.
Something appraisers should keep in mind is to let financially strapped homeowners know about PMI elimination (private mortgage insurance) when appraising for them. I am a principle of www.PMIRescue.com. The website has been favorably written up many times in the media -- both online (e.g., Inman.com) and print (i.e., major newspapers across the country). The National Association of Realtors (NAR) has also had nice things to say about the effort. I'm real proud of it. The new method of elimination passed by Congress IS NOT the right way to go -- typically going about it the wrong way (that way) will cost homeowners many thousands of dollars. FHA's & VA are completely different systems though -- where the "elimination concept" is not typically valid.
Getting the word out about PMI is good for appraisers, too.
Charlotte, is there a city in Delaware called Wyoming? I was born in Delaware. Dad was an industrial engineer with DuPont and got transferred every now and then when we were growing up. Their home office is Wilmington, Delaware, as you likely know.
Regards,
David C. Johnson, Raleigh
NC State-Certified General R.E. Appraiser</span>
Something appraisers should keep in mind is to let financially strapped homeowners know about PMI elimination (private mortgage insurance) when appraising for them. I am a principle of www.PMIRescue.com. The website has been favorably written up many times in the media -- both online (e.g., Inman.com) and print (i.e., major newspapers across the country). The National Association of Realtors (NAR) has also had nice things to say about the effort. I'm real proud of it. The new method of elimination passed by Congress IS NOT the right way to go -- typically going about it the wrong way (that way) will cost homeowners many thousands of dollars. FHA's & VA are completely different systems though -- where the "elimination concept" is not typically valid.
Getting the word out about PMI is good for appraisers, too.
Charlotte, is there a city in Delaware called Wyoming? I was born in Delaware. Dad was an industrial engineer with DuPont and got transferred every now and then when we were growing up. Their home office is Wilmington, Delaware, as you likely know.
Regards,
David C. Johnson, Raleigh
NC State-Certified General R.E. Appraiser</span>
