Drive-by Appraisals – huh?

Lately I seem to have more appraisals “waived” or done as “drive-bys.”  It is interesting when those happen. It is always related to “loan to value” on the property. If your property is in a neighborhood that has an enormous range in values, and your property may be at the higher end, it isn’t always beneficial to have a drive-by because you may not get the correct, higher value.  Here is a good article on the ins and outs of why a lender requests a certain type of appraisal. 

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