03/15/2023
Another great educational class in the books❗️ 🫶
🏠 Today's Topic: VA Appraisals 🇺🇲
What the VA went over today, along with a local VA appriser ⬇️
💥 New Appraisal Updates
💥 Minimum Property Requirements and Private Road Maintenance Issues
💥 Appraisal Discrimination
💥 Demographics for VA Lending
💥 Understanding Tidewater and Options
💥 Reconsideration of Value Option after Tidewater
💥 Agent Appriser Interactions
💥 Problem Appriser Actions
💥 The VA Escape Clause
🔑 The three main things I learned today:
H.R.7735 - (Improving Access to the VA Home Loan Benefit Act of 2022) will reshape the VA over the next 15- 20 years ❤️🔥
If Tidewater is called, real estate agents need to provide comps in the same neighborhood as the subject property, not to exceed 1 mile out from the subject property.
Go to https://www.FederalRegister.gov to sign up to keep up with what's going on. Published by the Office of the Federal Register, National Archives and Records Administration (NARA), the Federal Register is the official daily publication for rules, proposed rules, and notices of Federal agencies and organizations, as well as executive orders and other presidential documents.
Thank you for another EXCELLENT class today, VAREP ❤️❗️
.. and as always, I look forward to the next one! 😎