Common use of Appraisal Method Clause in Contracts

Appraisal Method. If the seller chooses to have the loss amount estab- lished by appraisal rather than liquida- tion, the Agency will complete an ap- praisal on the real estate, and the loss claim amount will be based on the dif- xxxxxxx between the appraised value at the time the loss is calculated and the unpaid principal balance of the land contract at that time.