Money Does Grow on Trees, After All
Every parent, myself included, who has uttered the immortal words “money doesn’t grow on trees” was dead wrong, at least when it comes to residential real estate.
Every parent, myself included, who has uttered the immortal words “money doesn’t grow on trees” was dead wrong, at least when it comes to residential real estate.
Saying it needs to modernize the way it values properties, Fannie Mae announced significant changes yesterday to the appraisal process for single-family mortgages it buys on the secondary market.
If you are intent on buying a home during the pandemic, obtaining an appraisal shouldn’t stand in your way. But procuring a home inspection may be another question.