Original Appraisal definition

Original Appraisal means the appraisal, other report or description of the Property, obtained by the lender under the Loan at the time it was originated, which establishes the value of the Property at that time.
Original Appraisal means the Appraisal prepared by CBRE Valuation and Advisory Services, dated October 11, 2007.
Original Appraisal. A Date of the original Appraisal Date Date Original Appraisal A Name of the Appraisal firm Text Firm Original Purchase A Price paid for home. Number Price Purchase BPO A BPO at the time of Purchase by GS. Number Purchase BPO Date A Date of the Purchase BPO Date Lien Position A Number used to identify the lien position Number in effect at the time of application. Example: 1, 2, 3 PMI Provider A Name or code for company providing private mortgage insurance. PMI Coverage A Percentage of insurance provided by PMI Percentage agreement. PMI Certificate ID A Unique ID to identify PMI insurance certificate. Occupancy Type A Occupancy status at time of application. Text See Enumerations worksheet. Purpose of Loan A Code/literal used to identify the Text original purpose of the loan. See Enumerations worksheet. Prepayment Flag A Code/Flag to determine if loan was Text originated with a prepayment penalty. Prepayment Penalty T Code/literal to identify characteristics Text Type of penalty. Example: 6 MO INT ON 80% OBAL, 5/4/3/2/1, 3%. Prepayment Term A Original number of moxxxx that penalty Number was imposed.

Examples of Original Appraisal in a sentence

  • The Property has been restored to its condition as reported in the Original Appraisal (as fully completed), reasonable wear and tear excepted.

  • All statements made by the Insured, the Servicer, the Borrower or any other Person in any part of the Application, including the Original Appraisal, plans and specifications, or any exhibits or documents submitted therewith, are deemed to be the Insured's representations.

  • Any Claim when, as of the date of such Claim, construction of the Property had not been completed in accordance with the construction plans and specifications approved by the Loan originator at the time the Loan was originated or in accordance with the Original Appraisal.

  • Property means the real property and all improvements thereon including any chattel items (including any built-in appliances) which are noted in the Original Appraisal, including all replacements or additions thereto, together with all easements and appurtenances, all rights of access, all rights to use, as well as any co-ownership interests in common areas, recreational and appurtenant facilities, and all replacements or additions thereto.

  • Original Appraisal means the appraisal, other report or description of the Property, obtained by the lender under the Loan at the time it was originated, which establishes the value of the Property at that time.


More Definitions of Original Appraisal

Original Appraisal has the meaning specified in Section 7.11(a)(ii).
Original Appraisal means the Appraisal prepared by CB Xxxxxxx Xxxxx Valuation and Advisory Services, dated July 21, 2008.
Original Appraisal means the Appraisal prepared by Diversified Real Estate Services, Inc., dated September 26, 2007.
Original Appraisal means the Appraisal prepared by Xxxxxxx Group, Inc., dated July 11, 2008.
Original Appraisal. Firm A Name of the Appraisal firm Text Original Purchase Price A Price paid for home. Number Purchase BPO A BPO at the time of Purchase by GS. Number Purchase BPO Date A Date of the Purchase BPO Date Lien Position A Number used to identify the lien position in effect at the Number time of application. Example: 1, 2, 3 PMI Provider A Name or code for company providing private mortgage insurance. PMI Coverage Percentage A Percentage of insurance provided by PMI agreement.
Original Appraisal means, with respect to Equipment and with respect to Real Estate, each of the appraisals dated respectively August 7, 1996 and August 13, 1996, prepared by M.B. Valuation Services, Inc.
Original Appraisal means the Appraisal prepared by Xxxxxxx & Xxxxxxxxx of Illinois, Inc., Valuation Services, Capital Markets Group, dated September 28, 2007.