November 2022

When it comes to USPAP and neighborhood analysis, many appraisers think such an analysis is a waste of time.  After all, every house in the US is near shopping, schools, houses of worship, entertainment, and recreation, right?  But what does Fannie Mae say about neighborhood analysis?  She makes her demands really clear in section B4-1.3-03, […]

USPAP and the neighborhood.  This may be hard to understand.  USPAP does not even use the word neighborhood in Standards 1 and 2.  So how can neighborhood analysis be even minimally important?  For that, we have to forego USPAP and go straight to the Fannie Mae Selling Guide.  Section B4-1.3-03 covers the subject’s neighborhood and