The LRA has changed the Road Home Programs Appraisal policy again. They finally got it right. Citizens Road Home Action Team (CHAT) and myself have finally convinced the LRA to adopt the fair and correct policy for Pre-Hurricane property valuations.

"Under the new appraisal policy, applicants will be given the option to request a 1004 appraisal or accept the highest valid pre-storm value currently in their file. If the applicant requests the 1004 appraisal, which is most similar to a full appraisal for real estate transactions, it will represent the final pre-storm value of their home. If the new appraised value is higher or lower than what is currently in the homeowner's file, it will result in an award calculation adjustment. This adjustment would result in either additional funding or a reduction in funding to the homeowner."


Here is the link to the LRA policy change.

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Best of luck,

John W. Murden, Jr.
Louisiana Certified Residential
Real Estate Appraiser #R0716
Phone & fax: 504-467-2208
Email:

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