Official Carleton H. Sheets^® Website

By: Linda Stern, Reuters, December 14, 2010


There are problems in appraisal land that transcend weak housing markets and debt-ridden borrowers, and that are causing home buyers and would-be refinancers to miss out on low rates and dream houses.

"There's been a pendulum swing in appraisals comparable to the one we've seen in mortgage credit, from foolishly lax to overly restrictive," said Walt Molony of the National Association of Realtors.


To read more, go to: http://www.reuters.com/article/idUSTRE6BD3V020101214?type=gc03
 

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