Wisconsin Banking Update
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New Appraisal Rules Stalling Home Sales
Posted on June 28th, 2009 No commentsNew appraisal rules that took effect May 1 are hurting home values unnecessarily, according to an article in the Milwaukee Journal Sentinel. In order to avoid trouble with the rule, called the Home Valuation Code of Conduct, many lenders are hiring companies that put together pools of appraisers and then assign them to individual housing transactions, they say.
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