High demand for appraisals is delaying the underwriting process

Home appraisers are struggling to keep up with a sudden surge in home buying and refinancing. As a result, turnaround times for appraisals are increasing, causing delays in the underwriting process, HousingWire reported this week. HousingWire said a survey of lenders showed that many are being quoted two to three weeks for an appraisal, which

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Appraisers Hit Back at Critics

“Don’t shoot the messenger” reads a new message from the Appraisal Institute, which has asked those involved in real estate deals not to blame appraisers when a contract falls through based on a property’s values.

Home Appraisals Continue to Derail Housing Markets

Home appraisers are continuing to be an obstacle in the way of sales, with more than a third of real estate professionals blaming them for delaying or canceling proposed contracts in the first six months of this year. This marks a staggering increase of 29% on the number of deals blocked by appraisers in 2010,

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