New Appraisal Guidelines

[Lynn Z]

My lender is nervous over having to find 3 comps 1.5 miles from my residence within the past 90 days. The appraiser who is scheduled to do the appraisal says sometimes the underwriters send back instructions asking for comps 60 days out.

What does Fannie and Freddie expect to accomplish by making it so difficult to value a property when they know sales have been few and far between. Unbelievable.