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The Fannie Mae Property Data Collectors program seems to have run afoul of West Virginia law. There has been a lot of discussion… The post FNMA Property Data Collectors Program Violates WV Law appeared on Appraisers Blogs.
That’s why a complete home inspection is essential when looking at REO properties. Inspectors need to note any visible damage, check how well major systems are working, and estimate the cost of repairs. Factors like property condition, market competition, and holding costs must be considered for an accurate appraisal.
I always thought the accused could face their accuser in a court of law in America. As this property data collector thing moves along, there continues to be no legitimate reason for Fannie Mae’s motivation to push this so hard other than they want the valuation process fully automated and can pay $25 for an untrained inspector to view a home.
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