Resources for COVID-19 Appraisal Issues

REAA will attempt to maintain this webpage with the most up to date infomation. Please verify with the GSE for the most up to date information.

REAA Video: COVID-19: A Guide for Appraisers

U.S Department of Homeland Security

Advisory Memo on Essential Critical Infrastructure Workers (3/28/2020)

*****This is for informational purposes only and should not be relied upon. Please double check the GSE source for specific guidelines for each product. The Appraisal Institute has a much more detailed matrix (here).

FHFA, Fannie Mae and Freddie Mac

FHA

Software

Alamode (TOTAL), Bradford Technologies, and ACI have updated their software with prefilled addenda forms following Fannie Mae and Freddie Mac's Covid-19 Modified Set of Instructions, Scope of Work, Statement of Assumptions and Limiting Conditions, and Certification for Desktop Appraisals and Exterior-only Inspections.

Alamode (TOTAL), Bradford Technologies, and ACI have added new prefilled addenda forms following FHA’s Covid-19 Modified Set of Instructions, Scope of Work, Statement of Assumptions and Limiting Conditions, and Certification for Desktop Appraisals and Exterior-only Inspections.

Please note: According to both Fannie/Freddie and FHA’s instructions, you’ll still need to enter “Desktop” or “Exterior” in the Map Reference Field according to the type of appraisal being done.

Instrucitons for Alamode (TOTAL) Users

Instructions for Bradford Technologies Users

Instructions for ACI Users

Several software companies have released tools for gathering inspection information and photos from homeowners. They are free to use and some are compatible with software from other vendors.

Bradford's Onsight

Alamode (TOTAL)'s PropertyAssist

Clear Capitals's OwnerInsight

Home Vision

ANOW's Walkthrough (Requires ANOW subscription)

USDA Rural Development

USDA Loan Program Temporary Exceptions to Interior Appraisals (3/27/2020)

VA Appraisals

The Appraisal Foundation

Valuation Legal: Christensen Law Firm

Other COVID-19 Resources

State of California Guidance for Real Estate, May 7, 2020
World Health Organization (WHO) Advice for the Public
The Risks-Know Them-Avoid Them blog post from an immunologist and professor of biology about risks associated with actitives (new)
Center for Disease Control (CDC) Coronavirus Page
California Department of Public Health (CDPH) COVID-19 Page
Californian Association of Realtors (CAR) Link to all Local County/City Guidlelines
Economic Update from Jordan Levine, Deputy Chief Economist, CAR, May 12, 2020 (new)
Economic Update from Jordan Levine, Deputy Chief Economist, CAR, April 9, 2020

COVID