Regulators propose ending appraisal requirement on some home sales of $400,000 and below

Regulators propose ending appraisal requirement on some home sales of 0,000 and below
The Federal Deposit Insurance Corp., the Office of the Comptroller of the Currency, and the Federal Reserve released a proposal Tuesday that would increase the appraisal requirement from $250,000 to $400,000, meaning that certain home sales of $400,000 and below would no longer require an appraisal.
Source: https://www.housingwire.com/rss