VA Lenders Handbook (VA Pamphlet 26-7), Chapter 11, Topic 22 — Vacant Land Appraisals

va-m26-7-ch11-t22

VA Lenders Handbook (VA Pamphlet 26-7), Chapter 11, Topic 22 — Vacant Land Appraisals.

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Verbatim provisions from VA Lenders Handbook (VA Pamphlet 26-7), Chapter 11, Topic 22 — Vacant Land Appraisals — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.

VA Pamphlet 26-7, Chapter 11 (Appraisal Report), Topic 22 — Vacant Land Appraisals

Effective 2019-02-22 · publisher's stamp for this provision

Topic 22. Vacant Land Appraisals Change Date: February 22, 2019 This Chapter has been revised in its entirety. a. Liquidation Appraisals A vacant land appraisal may be needed for a liquidation appraisal if there are no improvements on the land or if the improvements have no contributory value. b. Appraisal Requirements The appraiser must provide a written narrative format or a commercially available vacant land appraisal form. Like all VA appraisals, the appraisal must meet USPAP. The appraisal report must include: property address legal description owner of record assessment and property tax information property rights appraised site size zoning highest and best use shape topography drainage availability of utilities flood zone information estimated cost of razing any existing improvements which must be considered in market approach comparable sales grid with three comparable sales, adjusted to indicate the estimated market value of the subject property Assumptions and Limiting Conditions, and Appraiser Certifications

Source: VA Pamphlet 26-7, Chapter 11 (Appraisal Report), Topic 22 — Vacant Land Appraisals · source URL · snapshot 88df7c186d706e99

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