Good news for buyers and sellers… Freddie Mac just announced new appraisal rules which no longer require appraisers to use distressed properties for comparable sales. Appraisers must also be familiar with the local market.
These changes could have a significant impact in stabilizing home prices.
Filed under: Condos for Sale, Downtown Detroit Condos for Sale, Fannie Mae, FHA, Home Lending, Uncategorized | Tagged: Freddie Mac, Home Lending | Leave a comment »