On housing appraisals, consumer protection agency seeks increased transparency
Aug 25, 2012 | Posted by: roboblogger | Full story: The Real Deal
The Consumer Financial Protection Bureau wants you to see the full appraisal report on the house you're buying or refinancing as early in the mortgage process as possible, and without your having to ask the lender for it.
I totally agree, and it's about time. Buyers should receive full disclosure of all appraisals ASAP, and the Buyer should have the right to NOT to buy the house if he or she is not happy with the appraisal, period!
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