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Home » Store » News » Appraisal Groups Warning: Use of AVMs in Obama Loan Mod Plan Could Place Taxpayers at Risk

Appraisal Groups Warning: Use of AVMs in Obama Loan Mod Plan Could Place Taxpayers at Risk

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Inadequate appraisal requirements could result in unnecessary taxpayer losses and leave many homeowners ineligible for loan modification under President Obama’s “Making Home Affordable” loan modification program, the appraisal industry warned. The American Society of Appraisers, the Appraisal Institute, and the American Society of Farm Managers and Rural Appraisers said...
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