I applied the HELOC in
BECU in June and finally noticed that BECU uses CoreLogic’s tool called
ValuePoint4. After reviewing the report, I felt very surprised
and disappointed.
The comparable sales
section is totally not persuasive because all properties are from my neighbors.
We bought the houses and moved in between last May and last Sep. We knew sales prices of the houses very well.
A lot of properties have
been sold nearby in other communities in 3-6 months. I don’t see them in comparable
sales section. What a surprise! This is very basic real estate knowledge. I can't believe CoreLogic does it this way
If the tool itself is
not tested well and not persuasive, why give the appraisal report to
customers? In my opinion, don’t waste the money to buy this appraisal
tool- Core Logic ValuePoint4 .
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