Appraisals for loans for Mission Viejo Real Estate, and all Orange County homes for sale, are causing buyers problems today.
Home buyers in Orange County, CA Beware!!
With the implementation of HVCC, the appraisal process has changed, and the changes are causing a ton of problems – like escrows falling apart, contracted contingency removal time frames being violated, and homes not appraising for the purchase price offered by the buyer. And with VA appraisals, it’s even worse! The appraisal stays with the property and the buyer does not have an option to make up any shortfall in the price. It is getting harder and harder for Orange County, CA buyers to actually buy homes for sale in great neighborhoods like Mission Viejo, Rancho Santa Margarita, Irvine, and Coto de Caza.
What can you do to protect yourself? Go with a direct lender with plenty of experience, count on your Realtor to guide you through and hope that the efforts of the NAR President Charles McMillan in New York and Washington, DC next week will help the government work out the kinks.
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