From: dim@soda.csua.berkeley.edu (D. Gerasimatos)
Newsgroups: misc.consumers.house
Subject: Re: Legal to raise PMI deletion requirements?
Date: Mon, 29 Aug 2005 19:05:12 +0000 (UTC)
Originator: dim@soda.csua.berkeley.edu (D. Gerasimatos)
In article <1125148511.785321.43670@g44g2000cwa.googlegroups.com>,
wrote:
>
>"The last few times I had my house appraised no one even came by to
>look at it. They did it electronically based on comps. "
>
>And how do you know this?
The mortgage company told me.
>They might not have come in or knocked on
>the door, but almost certainly were actually there to visually eyeball
>it from outside. Maybe they even stayed in the car. But, any
>appraiser would be an idiot and risk losing his license if he didn't
>take a look at the property.
The mortgage company didn't send an appraiser. They used software to
satisfy themselves.
Dimitri
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