November 4th, 2011
Recently, appraisals have started to derail or interrupt home sales, which was a rarity in the past. According to the Wall Street Journal, new regulations along with the difficult housing market are responsible for this new trend.
Princeton Capital has an internal appraisal process which helps eliminate this problem for our clients. However, not all mortgage lenders have such a process, and it can be problematic.
The video below explains the common hold-up in greater detail: