New Consumer Article: The Home Valuation Code of Conduct (New Appraisal Standards)

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The new consumer article for today is The Home Valuation Code of Conduct (New Appraisal Standards) that are going to be taking effect (appropriately enough) on May 1 ("May Day" or "MAYDAY"). It is going to be almost impossible for anyone to hold appraisers accountable for bad valuations.

There will be nothing your loan officer or anyone else can do about the appraiser who gets it wrong and spikes your transaction while wasting your money except complain to your representatives in Congress until they actually fix the problem instead of metaphorically amputating someone's arm in order to treat a twisted ankle.

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This page contains a single entry by Dan Melson published on March 26, 2009 7:00 AM.

Real Loans for Real People March 24th, 2009 was the previous entry in this blog.

New HOMESTEPS Property List March 26th, 2009 is the next entry in this blog.

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