ABSTRACT
This chapter seeks to provide a basic foundation for addressing it by reviewing housing appraisal discrimination law and the cases dealing with it. It examines the applicable laws, with a focus on Title VIII’s relevant provisions and a brief comment on the impact of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA). Title XI of FIRREA establishes a federal regulatory system for appraisers who deal with federally related real estate transactions. The chapter describes and analyzes each of the eight Title VIII cases involving appraisal discrimination that have been reported thus far. One of the requirements of Title XI is that all appraisals performed in connection with federally related real estate transactions be performed only by individuals who are certified or licensed pursuant to a federally approved state certification procedure. The chapter reviews the Fair Housing Act’s prohibitions of appraisal discrimination. The Fair Housing Act itself contains several provisions that outlaw discriminatory appraisals.
