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Using evaluations for renewals

Question: 
For renewal transactions, what is the threshold limit for evaluations?
Answer: 

When the renewal is a “dollar for dollar” transaction (other than closing costs that could be financed in), the is no ceiling to the allowance of an evaluation. There are other safety and soundness concerns that should be considered and these will be discussed in the webinar.
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Learn more about Eric Collinsworth’s webinar Appraisal Regulation FAQ’s and Regulatory Guidance

First published on 07/14/2019

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