Summary
Change always is shrouded by fear of the unknown, but professionals in home-buying are optimistic revisions in appraisals will be more of a help than a hassle.
It might mean homebuyers will pay a little more to have property viewed, but experts in the process as well as a member of a consumer group see positive sides.See the full content of this document
Extract
How Changes in Appraisal Industry Affects Market, Consumers
Tammy Thompson, from the home-ownership assistance group NeighborWorks, sees it as a way of ending the "loan malfunction" that has caused so much pain in the housing market.
Appraiser Mark Smeltzer from Mu...See the full content of this document
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