3 MORE Fair Housing Policies Cut by President Trump's Administration
What's At Stake? Who Can Help? Plus, Women's History And Other Fair Housing News To Know To Not Be An April's Fool šµāš«
"I was so happy, but then it just sinks in. It sinks in, that what was devaluing my home was me." ā Carlette Duffy, Indianapolis homeowner who discovered her home had been under-appraised.
When a home is under-appraised, not only do homeowners miss out on the higher home valuation but so does the entire community (roads, bridges, fire departments, water and sewage systems, trash collection, street lighting, disaster relief, EMS, parks, schools, real estate agents, lenders, etc.).
That is why it is baffling that the process for fair appraisals (specifically, when a value needs to be challenged) is so convoluted depending on where you are in the U.S.
Federal (or national) standards help to ensure that no matter where a U.S. homeowner has real estate, she can likely expect the process for a fair appraisal to be similar. This makes it easier for homeowners, but Newsflash: mostly everyone directly involved in the transaction, plus the surrounding community, stands to benefit.
Sadly, the ease with which the American people can challenge an appraisal is yet another federal fair housing rollback that President Trumpās Administration has made.
Click here to read the full article as featured in HousingWire.
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