Pushing Rope: It Property Appraisal Values, Stupid

The fannie mae servicing guide states that "To determine the current appraised value of the property, the servicer must select an appraiser, order a new appraisal (which must be based on an inspection of both the interior and exterior of the property and be prepared in accordance with our appraisal standards for new mortgage originations)."

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if you want to laugh your rear ends off check this out have you ever been out bided by the same agent who showed you a property.i have I found a house in my neaborhood got with a agent told them to put a bid in for me asking price was 16.500 I bid 15000 when I lost and the people moved in they got a running there mouth in my area keep in mind I know everyone in that neaborhood they went.

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The broker orders the appraisal, the appraiser goes to the property, gets a check and does the appraisal. Value comes up short, do you really think that broker is going to order another appraisal.