Real estate blog entries tagged with fannie mae regulations by Claudette Millette - Metrowest Mass Buyer Broker (The Buyers' Counsel)

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Home : Blogs : Claudette Millette - Metrowest Mass Buyer Broker : Massachusetts Real Estate News & Opinion by Claudette Millette : Tag "fannie mae regulations"

fannie mae regulations: Fannie Mae Tightens Up on Appraisals - 07/17/10 11:12 PM

Fannie Mae Tightens Up on Appraisals
Since the new appraisal rules went into effect last year there has been a noticeable decline in the quality of some of the work that has been turned out by appraisers. This has been largely due to the fact that local knowledge of the market has been put on the back burner and, in its place, has been the goal of getting the job done as cheaply as possible.
The net effect has been third party companies hiring appraisers from up to 100 miles away. This, of course, negates any chance of their being familiar with the neighborhood that the property is actually … (28 comments)

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Claudette Millette - Metrowest Mass Buyer Broker

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