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Order Appointing Appraiser - Mississippi

Order Appointing Appraiser - Mississippi 2025

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The document is an order from the Special Court of Eminent Domain in Mississippi, appointing a disinterested appraiser to evaluate property for condemnation. The appraiser is tasked with determining the fair market value, assessing any damages to remaining property, and providing insights on the highest and best use of the condemned property. A written report is required within a specified timeframe.

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Who is the appraiser chosen by?

The appraisal process is pretty straightforward. It is scheduled as soon as both parties agree to it to allow enough time for a property visit and to make a report. Then, the lender will select a state-licensed appraiser who will coordinate a time for a home visit with the seller.

Can you request an appraiser?

Anyone Can Request An Appraisal. When buying/selling a home, an appraisal is an essential piece to determining value. If you are getting a loan for the home purchase - as is usually the case - it is the lender or bank who requests an appraisal, and finds the licensed appraiser to perform the work.

Do lenders choose the appraiser?

Do I get to choose my appraiser? Neither borrowers nor lenders can choose a specific appraiser because of very tight regulations imposed after the 2008 mortgage meltdown. Every mortgage lender is required by law to order every appraisal through an Appraisal Management Company (AMC).

How to become an appraiser in Mississippi?

State Appraisal Regulatory Agencies ALAlabama Real Estate Appraisers Board334-242-8747 CA Bureau of Real Estate Appraisers 916-552-9000 CO Colorado Board of Real Estate Appraisers 303-894-2166 CT Connecticut Real Estate Appraisal Commission 860-713-6150 DC DC Board of Real Estate Appraisers 202-442-432048 more rows

How are appraisers selected?

How do Lenders Choose Appraisers? These banks establish an impartial committee of members outside of their mortgage loan department to choose which AMC to work with. AMCs manage the appraisal valuation process as well as employ a team of appraisers to execute these appraisals.

What will fail a home appraisal?

Things like damaged or aging paint, an eroding foundation, a worn-down roof, and electrical issues which need immediate attention will have an impact on a homes appraisal value, and should be addressed before an appraisal to maximize value. But more on that later!

Which party is usually responsible for choosing the appraiser?

Almost always, when a property is appraised in connection with a loan, the appraiser is selected by the lender, but youll be responsible for paying the appraisal fee.

Order Appointing Appraiser - Mississippi 2025

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