Real Estate/Development
Nov. 15, 2011
New laws complicate appraisal process
Realtors and housing experts say new federal requirements and a relentlessly sour housing market are making the routine stage of appraisal a roadblock to selling some homes.
Daily Journal Staff Writer
LOS ANGELES - Realtors and housing experts say new federal requirements and a relentlessly sour housing market are making the routine stage of appraisal a roadblock to selling some homes.
According to a study by the National Association of Realtors, one-third of Realtors said appraisals resulted in buyers and sellers delaying or canceling contracts or renegotiating to a lower sales price, up from 29 p...
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