New Consumer Article: The Home Valuation Code of Conduct (New Appraisal Standards)
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.
Categories
Beginner's InformationWant San Diego MLS?
Add to Technorati Favorites



Logical failures (straw man, ad hominem, red herring, etcetera) will be pointed out - and I hope you'll point out any such errors I make as well. If there's something you don't understand, ask.
Nonetheless, the idea of comments should be constructive. Aim them at the issue, not the individual. Consider it a challenge to make your criticism constructive. Try to be respectful. Those who make a habit of trollish behavior will be banned.
Leave a comment