Wholesalers Lenders Start Using AMC’s to Ensure Appraiser Independence: "* Expand ⇗
* Registered
mackduckett 5 hours ago
The real 'Hook' is that seniors (borrowers) must pay for the appraisal up front and no checks.....cash or a credit card!
Now, I ask all of you.....can your seniors who NEED money to live on; and generally wait 'til it's nearly too late DON'T have $450-$650 in either cash or credit card availability to do this stupid stupid thing to satisfy some beauracrat who probably doesn't even understand RMs and is running scared from the sub-prime debacle which seniors had absolutely nothing to do with!!!
I urge everyone to write/email/call HUD (your regional office) and attempt to explain this insanity!"
Friday, December 11, 2009
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