Good News! New Appraiser Guidelines

Released 6/30/2010 from Fannie Mae

The June 30th Update requires (among other things) lenders use of appraisers with a direct, local knowledge of the area, offers guidance when using distressed property comps, allows Realtors to provide factual info directly to appraisers to help ensure accuracy, and prohibits lenders from changing the appraisal / home value.  Read the full Inman News Article

Submitted by Sandy Carroll on 07/07/2010