RHS adopted rules amending the Single Family Housing Guaranteed Loan Program (SFHGLP). This rule adoption amends the SFHGLP with respect to liquidation value appraisals. Currently, if a REO property remains unsold by the lender or servicer at the end of the permissible marketing period, RHS orders a liquidation value appraisal and applies an acquisition and management resale factor to estimate holding and disposition cost. Under the adopted rules, lenders and servicers must now order the liquidation value appraisal. The adopted rules also permit the lender or servicer to include the costs associated with obtaining the liquidation value appraisal in the liquidation costs paid under the guarantee.
