Great news! No need for an appraisal. Or is it really??
Town & Country Residential Appraisals
APRIL 10, 2023
Fannie Mae recently announced in their recent Selling Guide (SEL-2023-02) update that “as part of the valuation modernization” they are transitioning to a “range of options to establish a property’s market value”. It is then the lender who confirms based on this information if the property is eligible and an appraisal is not required.
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