The Virginia Coalition of Appraiser Professionals has submitted an official comment to the ASC opposing the State wide appraisal waiver request in North Dakota.
VaCAP has submitted a public comment expressing concerns over the much larger consequences in allowing such a request. A blanket waiver of appraisals up to $500,000 for a 5 year period will have a devastating impact on housing, not only in North Dakota, but across the country. We envision a snowball effect with other states following and submitting waiver requests as well.
We know each and every appraiser realizes the danger that not could happen if this waiver is granted, not only in North Dakota, but across the country. Please take the time to comment. The deadline is July 1st.
See VaCAP’s comments below and to submit you own comments, click here.
Thank You for Being Part of VaCAP!