Cosmetic vs. MPR Repairs: Guidance for FHA Appraisers
McKissock
OCTOBER 13, 2020
The appraisal establishes the value of the property for mortgage insurance purposes only. Subject to a required inspection based on the extraordinary assumption that the condition or deficiency does not require alteration or repair,” if the appraiser notes a potential deficiency but cannot determine whether it is an actual deficiency.
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