Here is an important question. SHOULD FORECLOSURES BE USED WHEN DOING APPRAISALS?
As I shared the news of the latest Market Analysis for a homeowner today it was very upsetting. There were two homes sold as Foreclosures in her neighborhood. Guessing what the Appraiser will , or won't, use in his Appraisal will impact her decisions.
I decided to search online to see what was happening in legislation. Here is one blog I found posted on the National Association of Realtors® site. This post concerning NOT using Foreclosures in Appraisals should start you thinking.
What is your opinion?
Whether Real Estate Agents, or general public, we should think about our opinion and what we can DO. Perhaps contacting our Legislators and letting them know our opinion on NOT using Foreclosures in Appraisals. This action could save neighborhoods and neighbors. Yours and Mine!
I am Margaret C. Taylor St Mary's County MD REALTOR®.
I am certified with the SFR, Short Sale and Foreclosure Resource Certification, from the National Association of Realtors and CDRS, Certified Default Resolution Specialist Certification, from America's Home Rescue. I am qualified to help you buy or sell your home.
CALL or TEXT 301 481 8407 for a FREE Consultation
I am a Century 21 New Millennium Real Estate Agent, St Mary's, MD
I welcome your REFERRALS. Ask for MARGARET C.
Think about it. SHOULD FORECLOSURES BE USED WHEN DOING APPRAISALS? And act on it!
This blog is for informational purposes only and is not intended as legal or tax advice. An Attorney, CPA or other specialist should be consulted for specific needs.