New Appraisal Rules Hurt the Consumer
Trying to figure out why you’re still waiting on your appraisal and you didn’t have a say in who is doing it?
Read the story here
I called a broker who I work with quite often and most of their lenders have not increased the costs to the consumer for the appraisal but some have added an additional fee and are calling it something other than what it is. I can’t give names but one large bank in the area told one appraiser I know that if he wanted to work with them he would decrease his fee to them to $200 yet they were still charging the consumer the full amount.
The level of corruption and greed never ceases to amaze me.
