fha: Negative Impact of New Appraisal Rules
- 06/07/10 04:08 AM
Here are two examples from my personal business I've encountered in the past six months in which the new HVCC/FHA appraisal rules have negatively affected sales. First, a quick opinion. The new rules for conducting appraisals are a great example of how a well-intentioned idea can be placed into practice prematurely. I know not one Realtor, lender or appraiser who is thrilled with these new rules. Quality of my appraisals have been lower, prices higher, appraisers are paid less as a result, and authority and liability have been misappropriated. In many regions, homes are worth less now than they were worth … (3 comments)
Here are two examples from my personal business I've encountered in the past six months in which the new HVCC/FHA appraisal rules have negatively affected sales. First, a quick opinion.
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