September 9, 2011
Appraisal
It’s always frustrating, if not maddening, when the appraisal comes in low on a sale of a home. Buying a home is very emotional for both buyers and sellers, and the last thing anyone wants is some appraiser telling the parties involved that the home isn’t worth what they agreed upon. Personally, I don’t know […]
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September 1, 2011
Appraisal
Big change start today, known as UAD, in reporting appraisals for the GSE’s (Fannie Mae, Freddie Mac); the biggest takeaway so far is that homeowners should have a detailed list with the dates of their completed updates. Appraisers are being required to put quality ratings (Q1-Q6), as well as condition ratings (C1-C6), which are supposed […]
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