RHS Issues Final Rule on Liquidation Value Appraisals. The Rural Housing Service has adopted a final rule amending its current regulation for the Single Family Housing Guaranteed Loan Program (SFHGLP) regarding the use of liquidation value appraisal. In order to reduce overall processing time, lower cost and expedite claim submission, lender/servicers will now be required to order the liquidation value appraisal, instead of the RHS, to estimate a loss claim against the SFHGLP. Currently, if real estate-owned property remains unsold by the lender at the end of the prescribed marketing period, RHS orders a liquidation value appraisal and applies an acquisition and management resale factor to estimate holding and disposition cost. Under the final rule, the lender/servicer must do the ordering. The costs associated with obtaining the liquidation value appraisal can then be included in the ...