Assessing Property Values for HAFA

Four appraisal organizations are expressing concerns about the Home Affordable Foreclosure Alternatives (HAFA) program allowing broker price opinions to determine the value of properties for the minimum offer of a short sale. 

The Appraisal Institute, the American Society of Appraisers, the American Society of Farm Managers and Rural Appraisers, and the National Association of Independent Fee Appraisers have banded together to oppose the current HAFA guidelines.

Read their letter here.