Have you heard of the new changes to appraisals? Are you prepared to help your Customers when them come to you? - 09/06/11 05:57 PM
After September 1st, your appraisals are going to look a bit different.  Basically, the agencies have been warning us for the last year or so that they were creating a uniform set of "codes" that will be used by all appraisers, nationwide.  Fannie and Freddie have impletemented the new codes as of 9-1-11.  FHA just announced that they are delaying implementation unitl 1-1-12.While most of the changes involve changing the written explanations to codes, here are 6 of them that you and your clients will definitely want to know about.1.  Bathroom Code - Instead of saying 2.5 bathrooms, the appraiser will … (2 comments)