How does The Road Home determine the pre-storm value of a home?
• An appraisal provided by the homeowner and completed by a Louisiana licensed appraiser on or after January 1, 2000 and prior to the storm. Pre-storm appraisals are adjusted to account for any increase in value over time. • An applicant provided post-storm appraisal of pre-storm value completed by a Louisiana licensed appraiser. Applicant provided post-storm appraisals are verified for accuracy by the program. • An appraisal provided from a lender or government source that was completed since January 1, 2000. These values are adjusted to account for any increase in value over time. • A Market Analysis which is an appraisal or estimate of market value ordered by The Road Home and prepared by an appraiser. • A Broker’s Price Opinion (BPO) is an estimate provided by a real estate and includes a drive-by of the property.
