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HOW IS AN APPRAISAL COST DETERMINED: PART 2?
January 21st, 2022 3:51 PM
Workload in a nutshell. Yes, the more difficult = the more it cost. This affects turn-around time and is why Fannie Mae, as of March, 2022 will allow Desktop Appraisals for one-unit principal residences with loan-to-value ratios of no more than 90% to be eligible for lending transactions. The option is not available for 2nd homes, investment properties, cash-out refinances, construction loans, multi-unit properties, renovation loans, condo's, co-ops or manufactured homes. After all, this type of an appraisal relies on property tax records and past sales without physical inspections. Less cost but more risk!

Call Abatelli Appraisal Svc. for your appraisal needs. We cover the east end and NYC. 

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Posted by Richard Wayne Abatelli on January 21st, 2022 3:51 PMPost a Comment

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