Interagency Statement on Appraisals and Evaluations During National Emergency

Ernie Durbin, Clarocity’s Chief Valuation Officer, and Bill Waltenbaugh, Clarocity’s Chief Appraiser, host an informative webinar on the recent interagency statement for appraisals and evaluations during the national emergency.

This 30 minute webinar provides insight on the Interagency Statement on “Appraisals and Evaluations for Real Estate Related Financial Transactions Affected by the Coronavirus.” The a\Agencies released an interim final rule on 4/14/2020 to amend regulations requiring appraisals of real estate for certain transactions. We summarize the Agencies Statement and Interim Final Rule. Ernie goes on to suggest safe harbor practices in light of these temporary changes to interagency guidelines.