- Joined
- Feb 14, 2002
- Professional Status
- Certified Residential Appraiser
- State
- Louisiana
I'm surprised this hasn't been mentioned in the AF, it's burning up Facebook:
http://www.freddiemac.com/singlefamily/guide/bulletins/pdf/bll1720.pdf
"Previously, copies of MLS photographs could be used for comparable sales only if the original photographs could not be obtained. Additionally, an explanation was required by the appraiser as to why MLS photographs were being used. To provide flexibility and create efficiency in the appraisal and underwriting processes, we are removing these requirements and now allow clear electronic images, including copies of MLS photographs, to be used for comparable sales without an explanation from the appraiser."
My bold.
Mass speculation about motivations, personally I'm not sure but if Fannie, FHA, etc. and lenders follow this may be big.
http://www.freddiemac.com/singlefamily/guide/bulletins/pdf/bll1720.pdf
"Previously, copies of MLS photographs could be used for comparable sales only if the original photographs could not be obtained. Additionally, an explanation was required by the appraiser as to why MLS photographs were being used. To provide flexibility and create efficiency in the appraisal and underwriting processes, we are removing these requirements and now allow clear electronic images, including copies of MLS photographs, to be used for comparable sales without an explanation from the appraiser."
My bold.
Mass speculation about motivations, personally I'm not sure but if Fannie, FHA, etc. and lenders follow this may be big.