Myth Alert! Did you know that Fannie Mae does NOT require comparables to be within one mile? The fact is Fannie Mae expects appraisers to use the comps that most accurately support the value of the subject property. This could mean sales further from the subject property, older sales, or many other reasons. Questions? Let’s Chat!
Related Article Title: Fannie Mae Appraiser Update – Dated December 2020 Written by: Lloyd Rutherford, Staff Writer The appraisal can make or break your client’s loan. You spend all of that time originating and processing a loan only to have it blow up in the appraisal review. Keeping up with the Facts vs. the Myths […]