Residential Property

Real property that might be vacant land or an improved parcel of land devoted to or available for residential use. See property use category.

Glossary: Property Use Category
Feds to Lenders: Take AVMs Seriously
Regulators are signaling that they are going to be looking at AVM testing. They are focused on valuation discrimination. This represents a change in the focus on AVMs and the need for all lenders to focus on AVM validation to avoid unfavorable attention.
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