Feds to raise ceiling for home-sale appraisals

FEDERAL BANKING REGULATORS will raise the threshold for required appraisals on home sales to $400,000 from $250,000 starting in January. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER
PROVIDENCE – For the first time in a quarter century, federal banking regulators are raising the minimal price for requiring appraisals on home sales. Beginning in January, the price threshold for appraisals on residential real estate transactions will be raised to $400,000 from $250,000, the Federal Reserve, the Federal Deposit Insurance Corp. and the Office…

Want More?

Subscribe or register with Providence Business News to keep reading.

REGISTER
for 2 more stories

Subscribe now for $1 for 4 weeks
Already a Subscriber? Login now

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -