New Fannie Mae Appraisal Program: Really helping or Hurting?

Every home must be sold TWICE! Once to the buyer, and once to the bank appraiser if a mortgage is involved. The second sale may have just become a lot more difficult. A new program announced by Fannie Mae may ease off down the home-sale closing process by causing more disputes over prices between sellers and buyers. In a recent Washington Post article they explained the basics of the program: "Starting Jan. 26, Fannie plans to offer mortgage lenders access to proprietary home valuation databases that they can use to assess the accuracy and risks posed by the reports submitted by appraisers.". Please click through to the article to learn more about this important Mortgage and lending process