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OK to average adjusted comps on appraisals?

Appraisal Today

The process took several years of securing building permits, and the house was completed in 2015. Because of local building regulations, reconstructing a property identical to this one would not only be expensive but nearly impossible. ”… Question 2: does the lending industry owe the appraiser a living?

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Appraising the Weird Stuff: Observations from a Seasoned Florida Appraiser

McKissock

Specialization in this type of assignment can be very profitable for the residential appraiser. Tract housing in suburban areas is typically where AVMs shine, and there are properties or circumstances in these markets in which lenders will utilize AVM type tools to make lending decisions rather than rely on a traditional appraisal.

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The fate of HUD

Housing Wire

A spokesperson for HUD said the agency could not discuss investigations or strategy of fair lending enforcement, but said that fair lending is a priority of the Biden-Harris Administration and HUD. In August, HUD Secretary Marcia Fudge signed an agreement with the Federal Housing Finance Agency to strengthen fair lending enforcement.

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