What Is an Appraisal? The Appraiser’s Definition
McKissock
MAY 14, 2021
There’s often confusion around what is an appraisal and what isn’t. Let’s all agree right from the start: a standardized form like the Fannie Mae 1004/Freddie Mac Form 70 used by the mortgage industry is not an appraisal. They think the form is the appraisal. What is an appraisal, exactly?
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