Tag: Appraisals
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FDIC Proposal Exempts Residential Real Estate Transactions of $400,000 or Less from Appraisal
On November 20th, the Federal Deposit Insurance Corporation (FDIC) issued a notice of proposed rulemaking that will raise the threshold for residential real estate transactions that require an appraisal to $400,000, from the current level of $250,000. This proposal is a response to concerns that the current threshold is not reflective of price appreciation and…