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FHA policy ‘least burdensome’ for all in appraisal process-Part II
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The Federal Housing Administration (FHA) recently announced it will require second appraisals for properties it suspects has inflated values when under consideration for a Home Equity Conversion Mortgage (HECM).
Admittedly, FHA claims appraisal bias and appraisal over-inflations exist. What should appraisers be concerned about as this policy moves forward?
Valuation Review continues its conversation with FHA’s Deputy Assistant Secretary for Single Family Housing Gisele Roget for more answers and insight about this policy. Read Part II of this story to learn more.
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