Warnock leads Senatorial effort to even the playing field in home appraisals

Warnock leads Senatorial effort to even the playing field in home appraisals

Senator Raphael Warnock (above) says the goal of the legislation, the Appraisal Modernization Act, is to fight appraisal bias in the country, especially in Georgia. Photo by Julia Beverly/The Atlanta Voice The old saying goes, “Home is where the heart is.” For many Americans, their homes are where everything in their lives rests: families, history, future, and finances. The personal and spiritual value of one’s home is immeasurable. However, the…

New Legislation Seeks to Address Systemic Bias in Home Appraisals

Six Democratic senators have introduced legislation designed to address the potential for systemic bias in the home appraisal process.

Sen. Warnock introduces appraisal bias legislation to replace PAVE

The Trump administration has “effectively disbanded” the interagency Property Appraisal and Valuation Equity (PAVE) task force, but a Democratic senator wants to revive it. Raphael Warnock of Georgia introduced the Appraisal Modernization Act on Thursday. The legislation seeks to address systemic bias in the appraisal process, effectively writing into law many of the measures the PAVE task force implemented. The bill would require the Federal Ho…

Warnock Leads Senatorial Effort to Even the Playing Field in Home Appraisals

By Donnell Suggs The old saying goes, “Home is where the heart is.” For many Americans, their homes are where everything in their lives rests: families, history, future, and finances. The personal and spiritual value of one’s home is immeasurable. However, the financial value tends to fluctuate depending on who you are and where your home is located.  Senator Raphael Warnock (above) says the goal of the legislation, the Appraisal Modernization …