September 24, 2009

Realtors cope with appraisal rules

Marcie Geffner - California Real Estate

Challenging. Problematic. Wild. Bizarre.

These are but a few of the choice words REALTORS® have used to describe the new Home Valuation Code of Conduct (HVCC), which dictates certain practices lenders must follow with respect to appraisals related to loans they intend to sell to Fannie Mae or Freddie Mac.

Read on:
http://www.car.org/newsstand/crem/current-issue/september2009/appraisalshakeup/