The November 30, 2018 Wall Street Journal has an article, “Home Appraisals Go High-Tech.” It seems that the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corp. and The Federal Reserve have proposed loosening real estate appraisal rules so that a majority of homes can be bought and sold without being valued by a licensed appraiser. According to the article, the plan would increase the value of homes that can be sold without an appraiser visiting the property from $250,000 to $400,000. This does not sound like… read more
November 30, 2018