Relocation Appraisal -The intended use is to assist an employer with the transfer of an employee Mortgage Appraisal - The intended use is to assist a lending institution in evaluating risk associated with a loan
The appraisal that you had performed for your refinance has a completely different intended use. It was for your lending institution for collateral risk evaluation. The relocation appraisal is for your employer to assist with the selling of your home for the transfer.
2. Report Format
Relocation Appraisal -The relocation appraisal is reported on the ERC Summary Appraisal Report form which is a …