Appraiserblogs
APRIL 19, 2023
The Fannie Mae Property Data Collectors program seems to have run afoul of West Virginia law. The act specifically states that only a casual or drive-by inspection can be performed when it comes to consumer loans secured by real estate, and no opinion can be rendered as to its value nor any fee charged for such an inspection.
Zillow
SEPTEMBER 24, 2016
It is the seller's chance to reveal anything that can negatively affect the value, usefulness or enjoyment of the property. Disclosure laws vary from state to state, even down to the city and county level. Is a disclosure the same as an inspection? It is not the same thing as an independent inspection by a third party.
Appraisal Today
OCTOBER 6, 2023
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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