HUD has released an update to their Appraisal Report and Data Delivery Guide. This is a great resource from HUD that identifies every field on the four appraisal reports they use and what their requirements and guidelines are for those fields. I have posted this link on our website for future reference.
Here are the specific updates:
• Clearly specify that the required format of the FHA Case Number is a numeric only;
• Update language in several spots for clarity and consistency; and
• Align the Data Delivery Guide with existing policy concerning the reporting of comparable sales from “within three years” to “within one year” of ...More