Home Valuation Code of Conduct
Apr 10th, 2009 by kyle
The Home Valuation Code of Conduct is an important new piece of legislation. To learn what it is about and how it may impact real estate investors, read the following link by Dennis Norman. http://tinyurl.com/cwf8sq
Home Valuation Code of Conduct must be stopped!!
Customers file goes to lender A for underwriting customer now pays at least $100.00 more than before for an appraisal. Lender A denies the loan or happens to pull back on pricing (loan was floating exp) and is not as competitive as Lender B. Lender A MAY agree to release the appraisal to Lender B how ever Lender B will not accept Lender A appraisal due to warranties is has with its investors. Consumer now may need to pay an additional $400.00 for a new appraisal. Customer snaps…
Edited by kyle: This comment was so important that I decided to move it to a post of its own. Please read the rest of this comment and add your own point of view HERE.
[...] received the email below on a comment on my previous Home Valuation Code of Conduct. I felt that Dana made some good points and decided to create a specific post of its [...]
[...] received another comment with new information about the Home Valuation Code of Conduct that I posted information on previously. Again, some good content prompted me to post instead of [...]