- Sep 28, 2003
- Professional Status
- Certified Residential Appraiser
- New York
Mitigating over-valuation in AVMS.......
I find this amusing.Should issues arise with a loan after it closes — and if overvaluation is suspected — the lender submits a claim if a loss has occurred. First, a retrospective appraisal is ordered to determine if the original AVM appraisal was overvalued.