When a lender seeks a residential appraisal the lender is most likely seeking a appraisal that will determined the assessed value of the home.
Is this true or false ?
Take your time. The solution is posted below the wildlife photo.
A. False
When the lender seeks a residential appraisal for a home the lender is seeking an appraisal that will estimate market value.
Seeking assessed value is the role of the property assessor for property tax or ad valorem purposes.
