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More U.S. Real Estate Deals Can Go Ahead Without Appraisal

On Monday, U.S. bank regulators agreed to relax commercial real estate lending rules and allow more deals to go ahead without an independent appraisal of the property’s value Under the new rules, commercial real estate worth more than $500,000 must have an independent third-party check on the property value before a bank can lend against it. In a statement, the Federal Deposit Insurance Corporation “The increased threshold will not pose a threat to the safety and soundness of financial institutions.”
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