FDIC COVID Operational 12 – Real Property Appraisals. How should COVID-19 related issues be addressed in appraisal reports?

Compliance > COVID & Pandemic-Related
Q:   Real Property Appraisals. How should COVID-19 related issues be addressed in appraisal reports?
 
A:   Financial institutions should consult with appraisers about how to address any short-term, temporary reduction in the income stream produced by income-producing real estate that has been affected by COVID-19.
 
 
This Q&A was contained in the Frequently Asked Questions for Financial Institutions Affected by the Coronavirus Disease 2019 (Referred to as COVID-19) – As of March 3, 2021 (which may be updated from time to time).  This may be found on the FDIC’s website here:  https://www.fdic.gov/Coronavirus/faq-fi.pdf.
 

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