Appraisers Unite Against Increased Threshold Proposal

Single Family Residential BlogThey’re at it again. But this time you can help stop them – if you act by Feb. 5.

The federal bank regulatory agencies have proposed to increase the residential appraisal threshold level from $250,000 to $400,000, exempting nearly three quarters of residential real estate related financial transactions from appraisal requirements. [Read more…]

4 Key Differences Between Appraisals and AVMs, BPOs

Home_Value1To help their customers, lenders might be tempted to choose a less time consuming and potentially lower cost – real estate valuation method than an appraisal. But while alternative valuation options – such as automated valuation models and broker price opinions – might be cheaper, are they better? [Read more…]