Fannie mae says lenders need to use appraisers who have knowledge, experience, and data sources for appraising manufactured homes.
The term appraiser refers to that professional person who determines the market value of an asset generally in the real estate industry.
An appraiser should always act independently of the buying and selling parties in a transaction. The opinion given by them about the real and fair value of an appraised asset must be unbiased in nature. It must be valued by using observations as well as relevant statistics or facts, and the other information.
Depending upon the circumstances, the appraisers always presents their findings in a written as well as verbal appraisal.
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