Frank Writes ” Just read an article in the morning Wall Street Journal that the Comptroller of the Currency is looking to expand the use of AVM’s in place of appraisals on homes up to $400,000!”

Automated valuation model (AVM) is the name given to a service that can provide real estate property valuations using mathematical modelling combined with a database. Most AVMs calculate a property’s value at a specific point in time by analyzing values of comparable properties.

Frank thinks that this may well create opportunities for interior inspections to supplement the AVM. Sounds right to me! Be sure to follow this blog for more information.