• Welcome to AppraisersForum.com, the premier online  community for the discussion of real estate appraisal. Register a free account to be able to post and unlock additional forums and features.

Anyone else read the article about proposed hr1723 FHA bill?

Not open for further replies.

Doug in NC

Thread Starter
Senior Member
Jan 17, 2002
Professional Status
Certified Residential Appraiser
North Carolina
A recent "Working RE" article speaks of upcoming legislation that could re-institute the appraiser rotation method of selecting appraisers (selected by HUD). This would have been really great for quality trained FHA appraisers, but then they resorted to the lower standards allowing anyone with a license to do the work. I have been reluctant to do FHA stuff since it requires more work, potentially has more liability associated with it, and fees are not much better than standard lender work. I don't much like too much government intervention in general, but by HUD selecting the appraisers, I think FHA/HUD are much more likely to get an unbiased appraisal. (the last one I was involved with, I had the lender, the borrower, and the real estate agent attempting to push for a higher value).

Mike Boyd

Elite Member
Jan 18, 2002
Professional Status
Retired Appraiser
I read it but it seemed to be just an idea proposed by the editor or writer. I think it could be a very good system and not involving an AMC. I question who would pay for it and who would set our fees.
Not open for further replies.
Find a Real Estate Appraiser - Enter Zip Code

Copyright © 2000-, AppraisersForum.com, All Rights Reserved
AppraisersForum.com is proudly hosted by the folks at

AdBlock Detected

We get it, advertisements are annoying!

Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features of our website. For the best site experience please disable your AdBlocker.

I've Disabled AdBlock
No Thanks