Comments on: Home Valuation Websites vs Actual Appraisal http://thefinancebuff.com/2009/06/home-valuation-websites-vs-actual-appraisal.html like a friend telling you about money ... Fri, 19 Mar 2010 16:55:55 -0500 http://wordpress.org/?v=2.8 hourly 1 By: Floe http://thefinancebuff.com/2009/06/home-valuation-websites-vs-actual-appraisal.html/comment-page-1#comment-2426 Floe Thu, 09 Jul 2009 21:15:24 +0000 http://thefinancebuff.com/2009/05/home-valuation-websites-vs-actual-appraisal.html#comment-2426 I'm glad you mentioned HVCC, because this is causing an uproar in the mortgage industry. It seems to be causing more expensive appraisals, as well as more "low ball" appraised values, due to the Appraisal Management Companies (AMCs) conducting the appraisals. AMCs may not be very familiar with a particular market area, which causes the appraisal to be more conservative. There are a few other factors involved, but ultimately the HVCC is causing more of a problem than a benefit for consumers. I'm fighting with this right now in refinancing my home...I have no clue who will conduct the appraisal, and neither does the broker. If the appraisal comes out to be conservative, I may have to try another lender, which may cause me to have to pay for ANOTHER appraisal! Hopefully the HVCC will be overturned!!! It's so unfair!!! Great blogs, btw, TFB!!! I’m glad you mentioned HVCC, because this is causing an uproar in the mortgage industry. It seems to be causing more expensive appraisals, as well as more “low ball” appraised values, due to the Appraisal Management Companies (AMCs) conducting the appraisals. AMCs may not be very familiar with a particular market area, which causes the appraisal to be more conservative. There are a few other factors involved, but ultimately the HVCC is causing more of a problem than a benefit for consumers. I’m fighting with this right now in refinancing my home…I have no clue who will conduct the appraisal, and neither does the broker. If the appraisal comes out to be conservative, I may have to try another lender, which may cause me to have to pay for ANOTHER appraisal! Hopefully the HVCC will be overturned!!! It’s so unfair!!!

Great blogs, btw, TFB!!!

]]> By: Ted http://thefinancebuff.com/2009/06/home-valuation-websites-vs-actual-appraisal.html/comment-page-1#comment-2276 Ted Thu, 18 Jun 2009 01:56:49 +0000 http://thefinancebuff.com/2009/05/home-valuation-websites-vs-actual-appraisal.html#comment-2276 Good information. It becomes more valuable the more data you collect. Obviously these numbers will change depending on several factors, including region and home condition. Good information. It becomes more valuable the more data you collect. Obviously these numbers will change depending on several factors, including region and home condition.

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