House sale pictured in detail
Appraisers now must offer more information on new form meant to curb 'flipping'
By Joseph Barrios
ARIZONA DAILY STAR
Tucson, Arizona | Published: 11.01.2005
In an effort to curb the "flipping" of houses, appraisers are going to be flipping a few extra pages beginning today when a new, longer appraisal form becomes the norm.
The switch, from a two-page form to a six-page form, is intended to make appraisers do a better job of documenting their findings, said Sarah C. Vetault, a certified residential appraiser in Tucson and a member of the Arizona Board of Appraisal.
The hope is that appraisers will more closely scrutinize planned sales and provide more information to both the lender and the buyer, Vetault said. That way, parties involved in the transaction will be able to make more informed decisions than they could with the old forms. More....... |
