Is there any way to know what a house is worth without having to pay hundreds for an appraisal? - 06/04/09 10:55 AM
Unless you have been under a rock this year, you know about the HVCC regulations that were effective as of May 1st, 2009. If not, please go to my blog, I have several blogs on this topic.
Gone are the days when a mortgage broker can call up an appraiser and ask us to "check the comps" to see where the home is value-wise before ordering an appraisal report. Now let me say "comp checks" should never have been done to begin with they are against USPAP, but we all know appraisers got around this one way or the other as … (14 comments)