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It initially began as a test program in the early 2000s and was expanded to all areas of the country in 2003, as a result of VA Circular 26-03-11. Mr. Kifer indicated that the Tidewater requirements added approximately two days to the appraisalprocess in situations in which Tidewater was invoked. How Tidewater works.
It initially began as a test program in the early 2000s and was expanded to all areas of the country in 2003, as a result of VA Circular 26-03-11. Mr. Kifer indicated that the Tidewater requirements added approximately two days to the appraisalprocess in situations in which Tidewater was invoked. How Tidewater works.
The report cited from CSS, analyzed appraisal data across 10 states in the East Coast and Midwest, finding that only around 40% of home sales included an appraisal that was within $2,500 of the final sale price. The appraisal report is shared with the lender, who is the client in this scenario. A lot has changed!
NOTE: Please scroll down to read the other topics in this long blog post on non lender appraisals, liability, markets with few sales, Bias, unusual homes, mortgage origination A California Winery With a 91-Acre Vineyard for $12,995,000 Red Soles Winery, a 91-acre vineyard.
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