Appraisal

During a real estate transaction, each part of the process has the potential to be a source of anxiety. The appraisal can be worrisome because everyone’s made it through negotiations and inspections and then there’s this step that could be full of unknowns.

By law, appraisers must ensure their opinions and conclusions are impartial and objective and do not discriminate (or contribute to discrimination) through subjective or stereotypical assumptions. Indeed, appraisers must also understand the laws that affect the property being ...

At the Real Property Valuation Forum during the 2016 REALTORS® Legislative Meetings & Trade Expo Tuesday afternoon, real estate professionals, appraisers, and underwriters all aired grievances about the difficulty and confusing language of the FHA loan process, in particular the new FHA single family handbook and its effect on appraisals.

Read more: More Buyers Take Advantage of FHA Loans

John Anderson ABR, CRB, and broker-owner of Twin Oaks Realty Inc. in Minneapolis, Minn. says he’s seen a huge reluctance on the part ...

WASHINGTON (May 11, 2016) – While the Federal Housing Administration’s overhaul of its Single-Family Housing Policy Handbook last year offered loan originators more clarity on lending policies and loan underwriting standards, some changes made to the property valuation policies are causing confusion and delays, according to speakers at a real property valuation forum yesterday at the 2016 REALTORS® Legislative Meetings & Trade Expo.

All properties bought or refinanced with an FHA loan have to be appraised by a HUD-approved home appraiser. When purchasing ...

Some appraisers may not be aware of the inherent flexibility built into the Uniform Standards of Professional Appraisal Practice (USPAP). This factsheet from The Appraisal Foundation provides examples of such flexibility.

Download this factsheet from The Appraisal Foundation