Appraisal issue coming to a head
NAR calls for suspension of rules governing Fannie, Freddie loans
An increasingly common complaint of Realtors — that “lowball” appraisals below agreed-upon sales prices are derailing many home sales — has been taken up by industry trade groups.
The National Association of Realtors and the National Association of Home Builders have both identified issues surrounding appraisals as a factor putting a damper on sales of new and existing homes in May — the first month new rules governing appraisals conducted on loans slated for purchase by Fannie Mae and Freddie Mac took effect. Full Story
Front Gate Properties, We’re selling the BEST Real Estate in Aiken, SC.
Leave a Reply