Education
Do's and Don'ts to Prevent Mortgage Fraud
To educate the public on mortgage fraud we have put together sets of index card size documents for our readers, the Do card and the Don't card. For this information in Spanish click here.
"FOX 5 GREFPAC Mortgage Fraud" Tape
In a series of reports, the investigative journalists of WAGA Fox 5 Atlanta's I-Team exposed the existence of the mortgage scams rocking the industry.
Appraiser Certifications
State Registered Real Property Appraiser
A registered appraiser may perform appraisals on any type of property except when the purpose of the appraisal is for use in a federally related financial transaction.
State Licensed Real Property Appraiser
A licensed appraiser may perform appraisals in the following categories:
1. Non-complex one to four unit residential properties where the value of the financial transaction does not exceed $1,000,000.00 and
2. Any type of property where the transaction value is less than $250,000.00.
In federally related transactions licensed appraisers may not appraise real estate where a development analysis/appraisal is necessary and utilized.
State Certified Residential Real Property Appraiser
A certified residential appraiser may perform appraisals in the following categories:
1. One to four residential units without regard to transaction value or complexity and
2. Any type of property where the transaction value is less than $250,000.00.
State Certified General Real Property Appraiser
A certified general appraiser may appraise any type of property for any purpose.
If you have any questions, contact:
Jenny Howard Tidwell
Director of Investigations
Georgia Real Estate Commission
Georgia Real Estate Appraisers Board
229 Peachtree Street, N.E.
Suite 1000 - International Tower
Atlanta, Georgia 30303-1605
404.656.6641 Phone
404.657.7367 Fax
