Wednesday , 20 January 2021

VA appraisals

Tidewater Initiative: What VA Appraisers Need to Know

The VA has a unique set of protocols, known as the Tidewater Initiative, that a VA appraiser must follow when he or she expects the appraised value of a property is going to be lower than its contract price. This program, often known simply as “Tidewater,” initiated in—you guessed it—the Tidewater area of Virginia (i.e., the Norfolk, Chesapeake, Portsmouth, and …

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VA Issues Guidance for Appraisers Regarding COVID-19

On March 16th, 2020, the Department of Veterans Affairs (VA) issued Circular 26-20-7 which includes guidance for appraisers regarding COVID-19. Many government entities have advised that all non-essential businesses should close at this time, in order to avoid spreading the virus. Large numbers of appraisers have been asking, “Are we essential or non-essential?” For purposes of VA, appraisers are essential …

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