Question
The appraisal for an owner occupied refinance property you are reviewing has a master bath renovation in progress. The home has two other full baths
The appraisal for an owner occupied refinance property you are reviewing has a master bath renovation in progress. The home has two other full baths that are completely functional. The appraiser has provided a cost to cure for the master bath at $1000. With an appraised value of $350,000 and an LTV for the loan of 65%. how would you proceed? Explain your reasoning?
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Applied Corporate Finance
Authors: Aswath Damodaran
4th edition
978-1-118-9185, 9781118918562, 1118808932, 1118918568, 978-1118808931
