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Podcast: Tim Andersen, The Appraiser's Advocate Podcast
Episode: USPAP and the Neighborhood
Description: 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 what Fannie Mae wants to see in this part of the appraisal report. There are at least 36 questions Fannie wants appraisers to answer. These questions are not hard and the answers are straightforward. But the point is, USPAP has nothing at all on neighborho...