Why is an Appraiser Asking Me About an Old Comp?
Portland Appraisal Blog
AUGUST 8, 2020
The appraisal report is not for lending: The overwhelming majority of appraisal reports are written for a lending institution due to a sale or refinance—certainly over 90% and most likely approaching 99.9%. Sometimes the report is not for lending and the effective date of value is not contemporary but is a point in the past.
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