December 18, 2018

Proposed Rule – Required Residential Appraisals

FDIC Proposed Rulemaking:  Residential Real Estate limit for Appraisal Requirements The Federal Deposit Insurance Corporation (FDIC) are proposing a new rule to raise the starting point for residential real estate sales requiring an appraisal to be triggered at $400,000. The reason for this is due to the concerns over the costs as well as the time required by appraisers in order to get a residential real...

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