A report made by a qualified person setting forth an opinion or estimate of value. The term also refers to the process by which this estimate is obtained.
In conventional mortgages and in the HUD-FHA Direct Endorsement Program, the lender receives a copy of the complete report, showing the basis for the appraiser's estimate.
In VA cases and in HUD applications processed by HUD, the lender receives only a statement of the estimate of value, without any detailed supporting data.
visitors since 7/21/2009
Kenny Wendeburg Liberty Mortgage Ph: 281-542-7392 - Fax: 281-542-6858
4802 Center Street
Deer Park, TX 77536
License # 1264 www.libertymtgusa.com
