- Nov 17, 2003
- Professional Status
- Certified Residential Appraiser
Fannie Mae is not the agency we should be going to for a change in property inspection waivers (PIW's). We should be going to their client, the banks. Not the homeowner because they will more than likely try to save money and PIW's are probably not as much as a full appraisal. Everyone wants to cut cost but at what cost are they doing so. Fannie Mae will still go after them if there is a buyback. This will not hit the market for a couple years and they should be warned. By using an appraiser they have a justifiable value with a real person accountable. Accountability, unfortunately, is one of our worth. It should not be our only worth but it seems these days one of our best shots of saving our profession.