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#2243227 - 09/28/20 09:42 PM What type of Appraisal?
mnbanker09 Offline
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Joined: Jan 2018
Posts: 128
A consumer applicant owns two parcels of land which consists of farmland and their residential 1-4 family property. They wish to purchase a 2nd home, using these two parcels as collateral. What type of appraisal is required for this transaction? (Does it fall under the Commercial RE category?)

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#2243242 - 09/29/20 02:08 PM Re: What type of Appraisal? mnbanker09
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,371
Galveston, TX
Not sure how the appraisal of a 1-4 dwelling for a consumer purpose transaction falls under the commercial exception?
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