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As a buyer, seller, mortgagor (one who gives a mortgage as security for a loan; the borrower) or mortgagee (the party who advances funds for a mortgage loan; the lender) an appraisal is needed in order to be adequately informed about the subject real estate. Appraisals help potential buyers, sellers and mortgagors, and potential mortgagees make a decision. For example, an appraisal helps a buyer determine a reasonable offer for a home that is for sale. A lender will want to know if the subject property is valuable enough to cover the mortgage amount in the event of foreclosure.
What else can I help you with?
Difference between performance appraisal and potential appraisal?
potential appraisal is not performance appraisal. similarly performance appraisal is not potential appraisal.
What are different types of appraisal methods?
self appraisal one-to-one appraisal team based appraisal 180 and 360 degree appraisal third party appraisal
What is the effective appraisal date?
The effective appraisal date is the date that the appraisal was completed. The appraisal will tell you how much your home is worth.
What is appraisal service?
what is appraisal servives
What is crop appraisal?
what is crop appraisal
What is technical appraisal?
technical appraisal
What is Definition of appraisal interview?
what is the defination of appraisal
How do you find out the appraisal amount on a home?
If you paid for the appraisal, then you are entitled to a copy of it. Contact the appraiser or the person who ordered the appraisal and request your copy. If you weren't the person who paid for the appraisal, you will have to order and pay for a new or updated appraisal.
Weaknesses in a appraisal?
Weaknesses in appraisal ? please advise
What is environment appraisal of the project?
environmental appraisal of projects
What is the word for appraisal plural?
The plural of "appraisal" is "appraisals."
What is an abstract noun for appraisal?
The noun appraisal is the abstract noun, a word for a process.
