bailout
433) 2009 Appraisal Outlook
11/22/08
Dear Henry,
Just curious. From what you may have heard, does it appear that there will be any opportunities for appraisers coming from the government bail out, or does it look more like we will be cut out of the process - i.e. the government using AVMs to value properties?
Terry Shannon tjshannon2@comcast.net
Dear Terry,
I am optimistic that the new Federal Requirements related to the bail out will produce a lot more work for appraisers. You can see signs already that the FHA will be much bigger and they will require appraisals not AVMs. There are also some signs that this will be so for Fannie Mae and Freddie Mac. We shall see.
H2
Just curious. From what you may have heard, does it appear that there will be any opportunities for appraisers coming from the government bail out, or does it look more like we will be cut out of the process - i.e. the government using AVMs to value properties?
Terry Shannon tjshannon2@comcast.net
Dear Terry,
I am optimistic that the new Federal Requirements related to the bail out will produce a lot more work for appraisers. You can see signs already that the FHA will be much bigger and they will require appraisals not AVMs. There are also some signs that this will be so for Fannie Mae and Freddie Mac. We shall see.
H2