Tuesday, May 7, 2024 | The Latest Buzz for the Appraisal Industry

A Simpler Approach to Determining Home Condition

BLOG VIEW: Most are familiar with the appraisal standards used to identify the condition of homes during the appraisals process. Fannie Mae, Freddie Mac, HUD and VA use codes to simplify this process. These codes are C1 thru C6 the former being the best condition homes and the later the worst. These organizations often comment and review the use of these codes on appraisals and send letters to appraisers, lenders and underwriters on their

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Karen Connolly

Going to Extremes

Does the cost of homeowners insurance affect the price of a home? In some markets, the answer is increasingly yes. In recent years, insurance companies

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