Dallas leaders say renters will be less susceptible to slumlords after the City Council voted Wednesday to overhaul the city’s housing standards and require code inspections of single-family rental homes for the first time. The new minimum housing standards also […]
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Appraisal and Inspections
What is HVCC and How Does this Affect The Lenders, Borrowers, Sellers and Real Estate Agents?
Home Valuation Code of Conduct (HVCC) The HVCC is a set of federal guidelines designed to enhance the integrity of the home appraisal process to be more reliable and restrict the interaction between mortgage lenders and appraisers. Since the HVCC […]
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What is the Purpose of a Property Appraisal?
A home appraisal is generally required by the lender in order to establish that the value of the home will be sufficient collateral for the amount of the loan. The appraisal fee is generally paid by the buyer, sometimes required […]
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