Residential Appraisers and Borrower Claims
By Nicole Galloway, Assistant Account Executive
Residential real estate appraisals have been common practice for almost a century. The first guidelines for home appraisals were established in the 1930s and the industry has continued to grow and to become more regulated. Like the rest of the real estate industry, the appraisal industry has fallen on hard times with the housing market crash of 2007.
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