Get ready to be gouged on home appraisal fees
Chicagoland Appraisal Blog
MARCH 14, 2017
On February 9, 2017, Sen. Pamela J. Althoff in the Illinois Senate introduced legislation that would remove a provision requiring written disclosure to a mortgage loan applicant of the total compensation paid to the real estate appraiser when the home appraisal has been ordered through an appraisal management company. Basically, the state’s new legislation will increase home appraisal fees.
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