NSP FAQ
Q

Is an NSP grantee required to do an appraisal?

Date Published: October 2012

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A

An appraisal must be completed within 60 days of sale for all foreclosed properties so that the 1% purchase discount can be determined. The appraisal requirement applies only to properties that are considered foreclosed at the time of acquisition, as defined by NSP.


Tags: NSP Program Requirements - Appraisals and Property Valuation

FAQ ID:

479