Home Appraisals will no longer be required on certain homes sales of 400K and under
In a 9/27/19 article published by Housing wire they note that the Federal Reserve has signed off on an appraisal rule change, making change official that certain properties under $400,000 dollars will no longer require and appraisal. See the full article below:
Go directly to Housing Wire Article by clicking on the link below:
Here's what our friends over at the national real estate post have to say about the subject.
https://thenationalrealestatepost.com/cfpb-says-no-appraisal-needed-on-homes-400k-and-under/