What is an Appraisal Amendment?
When your appraiser is asked, by the underwriter, to amend the appraisal report what they are asking for is further explanation on either:
- Inaccurate information that needs to be corrected.
- Explanation of how the appraiser came to conclusions about the information included in the report which can include: market conditions, comparables within the report or value.
Check out our eBook, Appraisals Explained, and learn how to read and understand your report.
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