Thursday, March 28, 2024 | The Latest Buzz for the Appraisal Industry

Regulators propose ending appraisal requirement on some home sales of $400,000 and below

By blane@housingwire.com

The Federal Deposit Insurance Corp., the Office of the Comptroller of the Currency, and the Federal Reserve released a proposal Tuesday that would increase the appraisal requirement from $250,000 to $400,000, meaning that certain home sales of $400,000 and below would no longer require an appraisal. Click the headline for the full story.

Via:: Regulators propose ending appraisal requirement on some home sales of $400,000 and below

      

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