Somebody hasn’t been listening!
In the “company loves misery” department, Jim Duncan of Realcentralva.com notes that Ditech, the online mortgage giant, is now offering an instant online property value estimator. Um, wait a minute, wasn’t a large part of the NCRC complaint that mortgage brokers were using Zestimates to sell inflated mortgages to homebuyers?
The tool, which appears to be a First American product, offered a rather wide range of values for a sample home:
Surely Ditech has an NCRC-proof disclaimer?
Judge for yourself:
Looks like an early Christmas gift for the NCRC lawyers. Pull out the Zillow complaint, make some photocopies, and drop if off at the FTC.
Tags: Ditech, First American Title, NCRC, Real estate, Zestimate, Zillow
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?RE: Any thoughts on the feds (in)activity this morning?? August 5 at 9:46 pm 
�Good news, your equity line and business line of credit rates remain the same as yesterday, as the Fed held short-term rates steady today. Why? Because despite unemployment concerns, the economy is doing fine (1.4% growth year to date-- thank you exports!), core inflation is under control at this point, gas prices have dropped over 6% recently and it's more prudent to maintain a steady helm when the economy appears relatively balanced. Eric T. Trailer, Principal
1 response so far ↓
1 Athol Kay // Nov 1, 2006 at 2:14 pm
Well the good news we can start lining up all the online appraiser services next to each other. It’s going to be a confusing mess for people now. Yet more reason to call a Realtor.
Look at http://www.eppraisal.com
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