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Understanding the Condo Appraisal
Condo appraisals are different from home appraisals. Discover what property characteristics make a condo unique, what factors to consider when analyzing the Individual Condominium Unit Appraisal Report (1073/465) and what the required exhibits are.
Who should attend:
Loan originators, processors, underwriters
Learning objectives:
- Review property characteristics unique to condos
- Review key sections of the condo appraisal report
- Review common secondary market requirements and potential red flags
- Receive a condominium checklist to assist with your review of the appraisal report and identify potential cautionary items
Approx. length:
Classroom – 60 to 90 minutes
Virtual – 60 minutes
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