Dec
11
What is HVCC?
December 11, 2009 | Leave a Comment
HVCC refers to Home Valuation Code of Conduct, a set of rules created to prevent those who stand to profit from a real estate transaction from putting pressue on the appraiser. The rules went into effect on May 1, 2009 for all conventional, single-family loans destined for sale to Fannie Mae or Freddie Mac. The [...]
Oct
16
What is Appraised Value?
October 16, 2009 | Leave a Comment
Appraisals provide an objective opinion of the value of your home. Appraisals are usually based on market value and comparables or homes of similar size and year built. Some other types of value used in appraising a home include, insurance replacement, replacement value, and assessed value for property tax purposes. Lenders can use either the [...]
Oct
7
Appraised Value?
October 7, 2009 | Leave a Comment
Appraisals provide an objective opinion of the value of your home. Appraisals are usually based on market value and comparables or homes of similar size and year built. Some other types of value used in appraising a home include, insurance replacement, replacement value, and assessed value for property tax purposes. Lenders can use either the [...]