The information came from a company that provides valuations for foreclosures, and it’s ominous in that they appear to say that in presenting the houses, don’t give the buyers the entire truth. You judge for yourself:
Notice and acknowledgement to all vendors:
In response to new legislation and client requirements, the following changes will be required for all valuations completed beginning March 20, 2013.
1. All photos of the subject property will require a date stamp.
2. The use of the following subject terms/phrases, are expressly prohibited in any of the narrative sections of the valuation:
pride of ownership lack of pride of ownership
unpopular/poor school district
high crime area crime ridden area
low or moderate income neighborhood
affluent/desirable neighborhood high unemployment
Thank you for working with……
In other words, all properties must be considered EQUAL