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Fannie Mae, Freddie Mac ok Waiving Some Appraisals

By
Real Estate Agent with Pinnacle Estate Properties, Inc. CalBRE #01766461
Waiving appraisals on some loans is a huge shift in how real estate transactions are conducted and could open the door to fraud.
On the other hand, it will put buyers who want to use an FHA or Doctor Loan at a distinct disadvantage because those loans will still require an appraisal.
The original article is in Inman News.