https://www.countable.us/bills/hr2852-116/community. This passed the house but has not yet passed the Senate. The difference of a licensed vs certified appraiser is like having a first-year teacher vs a master teacher. FHA homes require you to understand not only what the home appraises for but also the safety and soundness of it. You have to understand the complexity of housing codes. You have to protect the buyer because they do not have the money to replace a roof or get a house up to code. It is a step to protect the borrower and the banks so the house does not land out as a forclosure that can not be resold. It protects not only the borrower and the bank but also the housing market.
I am not saying that people who are licensed and working as appraisers for 20 years are not qualified but to make a blanket statement that new appraisers to the industry can appraise a FHA is asking for trouble. Those are my thoughts. Please let me know what you think.
COUNTABLE.US
Where do you stand?
https://thenationalrealestatepost.com/cfpb-says-no-appraisal-needed-on-homes-400k-and-under/?fbclid=IwAR3SexAkjBhRbuuwiUVfulrbNxxnzxZjSp729EkR1lavcLQLpwyCciw1mJY
Watch this video to know what is happening right now that could impact our whole housing economy! This is a must-watch for everyone.
THENATIONALREALESTATEPOST.COM
CFPB Says No Appraisal Needed on Homes $400k and Under
Aaliyah Appraisals updated their website address.
Thank you all for your support in Colorado. I have loved being an appraiser here but am moving to Oxnard, CA. I will post when I am ready to start working in the Ventura County area. Have a wonderful day.
