Desktop Appraisal definition

Desktop Appraisal an appraisal of the fair market value of property and business, performed by an Independent Appraiser without conducting a site visit to such property or business, using the evaluation methodology outlined in the definition of "Appraised Value".
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Desktop Appraisal means a written desktop appraisal by an Appraiser, undertaken at the sole expense of the Borrower, and in form and substance satisfactory to the Administrative Agent as to the fair market value of the Equipment being so appraised.
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Desktop Appraisal means the desktop appraisal of Consolidated PP&E performed by Century Services, Inc. dated April 7, 2005.
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Examples of Desktop Appraisal in a sentence

  • Non-Green Bank-Approved Appraisers Only• If you are submitting a Desktop Appraisal RFP response as a non-Green Bank-Approved Appraiser, you will also be required to submit a Request for Qualifications for C-PACE Appraisers response.

  • The subject line should be identified as: “C-PACE Desktop Appraisal Services Proposal”.

  • The subject line should be identified as: “C- PACE Desktop Appraisal Services Proposal”.

  • In the case of appraisal requests for purchase transactions that remain unassigned for more than 7 business days, lenders may alert VA of their desire to proceed with an Exterior-only Appraisal and/or Desktop Appraisal by sending an email to cvvaluestream.vbaspt@va.gov with the subject line “Waterfall ##-##-#-##### [insert VA loan number]” and include the appraisal type(s) the lender is willing to accept from a VA fee panel appraiser (i.e., Desktop and/or Exterior-only).

  • Administrative Agent and Collateral Agent shall have received the Desktop Appraisal satisfactory in form and substance to Administrative Agent and Collateral Agent.

  • When completing the appraisal report for an Exterior-only Appraisal or Desktop Appraisal, state the use of an EA in the Reconciliation Section of the appraisal report.

  • On March 27, 2020, HUD published Mortgagee Letter 2020-05, through which the Secretary of HUD authorized flexibilities to the re-verification of employment and Acceptable Appraisal Reporting Forms and Protocols (Appraisal Protocols) by allowing exceptions for Exterior-Only and Desktop Appraisal inspections in certain transactions.

  • Beca Carter, Hollings & Ferner Ltd, 2008: Ngati Whakaue Master Plan Geotechnical Desktop Appraisal.

  • Portfolio of 33 Aircraft A Desktop Appraisal February 2000 Prepared by The Aircraft Value Analysis Company 1 2 The Aircraft Value Analysis Company has been requested by Morgan Stanley Aircraft Finance to calculate the current market values of 32 aircraft and one engine.

  • The use of third-party platforms to gather information about the subject property is more likely to be necessary when completing an appraisal report via an Exterior-only Appraisal or Desktop Appraisal.


More Definitions of Desktop Appraisal

Desktop Appraisal means, for any Real Property Asset, a desktop appraisal commissioned, reviewed and approved by the Administrative Agent and prepared by an appraiser selected by the Administrative Agent, using appraisal methodology consistent with the Appraisal most recently delivered to the Administrative Agent with respect to such Real Property Asset.
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Desktop Appraisal means a desktop appraisal performed by a third party selected by Borrower and acceptable to the Administrative Agent, and delivered to the Administrative Agent from time to time, as required hereunder, on an orderly liquidation basis, using consistent appraisal methodology reasonably satisfactory to the Administrative Agent, and a “Current Desktop Appraisal” means a Desktop Appraisal performed concurrently with or within six months prior to the date a Current Desktop Appraisal is required to be used to test Borrower’s compliance with the Collateral Maintenance Ratio hereunder.
Sample 1
Desktop Appraisal means a valuation where neither the VA fee panel appraiser nor the appraiser’s designee under the AAPP has physically viewed the exterior or interior of the property and the VA fee panel appraiser has determined an opinion of value based on information obtained from public records, the Veteran, homeowner, realtor, and other appropriate data sources (as determined by the appraiser). The appraiser has determined that adequate information is available about the property to deliver a credible report under the defined Scope of Work. Value is based on an EA and the report is completed “AS IS” unless there are MPR requirements the appraiser observed in the review of property related documents. The use of a Desktop Appraisal may allow an appraiser from outside the market area, but with appropriate credentials for the jurisdiction of the property, to complete the assignment when no local VA fee panel appraiser is available.
Sample 1
Desktop Appraisal means a desktop appraisal performed by a third party selected by Borrower and reasonably acceptable to the Administrative Agent, and delivered to the Administrative Agent from time to time, as required hereunder, setting forth the fair market value of each of the Mortgaged Vessels, using consistent appraisal methodology reasonably satisfactory to the Administrative Agent, and a “Current Desktop Appraisal” means a Desktop Appraisal performed concurrently with or within twelve months prior to the date a Current Desktop Appraisal is required to be used to test Borrower’s compliance with the Collateral Maintenance Ratio hereunder.
Sample 1

Related to Desktop Appraisal

  • Acceptable Appraisal means, with respect to an appraisal of Inventory, the most recent appraisal of such property received by Agent (a) from an appraisal company satisfactory to Agent, (b) the scope and methodology (including, to the extent relevant, any sampling procedure employed by such appraisal company) of which are satisfactory to Agent, and (c) the results of which are satisfactory to Agent, in each case, in Agent’s Permitted Discretion.

  • Current Appraisal With respect to any Mortgage Loan as to which the Purchaser has made an Election to Delay Foreclosure, an appraisal of the related Mortgaged Property obtained by the Purchaser at its own expense from an independent appraiser (which shall not be an affiliate of the Purchaser) acceptable to the Company as nearly contemporaneously as practicable to the time of the Purchaser's election, prepared based on the Company's customary requirements for such appraisals. Election to Delay Foreclosure: Any election by the Purchaser to delay the Commencement of Foreclosure, made in accordance with Section 2.02(b).

  • Appraisal shall have the meaning assigned to such term in the Servicing Agreement.

  • Inventory Appraisal means (a) on the Closing Date, the appraisal prepared by Great American Group dated June 2007 and (b) thereafter, the most recent inventory appraisal conducted by an independent appraisal firm pursuant to Section 9.2(b).

  • Updated Appraisal means an Appraisal of the Mortgaged Property or related REO Property, as the case may be, conducted subsequent to any Appraisal performed on or prior to the date of this Agreement by an Appraiser, selected by the applicable Servicer, in accordance with MAI standards, the costs of which shall be paid as a Property Advance by the Lead Securitization Note Holder or applicable Servicer.

  • Required Appraisal means, with respect to each Required Appraisal Loan, an appraisal of the related Mortgaged Property from an Independent Appraiser selected by the party required or authorized to obtain such appraisal hereunder, which appraisal shall be prepared in accordance with 12 CFR ss. 225.62 and conducted in accordance with the standards of the Appraisal Institute or, in the case of a Required Appraisal Loan having a Stated Principal Balance of, or in the case of a Mortgaged Property that has an allocated loan amount of, less than $2,000,000, if no satisfactory (as determined by the Special Servicer pursuant to Section 3.09(a)) appraisal meeting the foregoing criteria was obtained or conducted within the prior 12 months, a "desktop" value estimate performed by the Special Servicer.

  • Approved Appraisal Firm Each of the following firms: Xxxxxxxx Xxxxx, Inc., Duff & Xxxxxx LLC, Lincoln Advisors, Xxxxxx, Xxxxxx and Company and Valuation Research Corporation and (b) each Independent financial adviser of recognized standing retained by the Issuer, the Collateral Manager or the agent or lenders under any Collateral Obligation, as approved by the Collateral Manager.

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  • Independent Appraiser means a nationally recognized or major regional investment banking firm or firm of independent certified public accountants of recognized standing (which may be the firm that regularly examines the financial statements of the Issuer) that is regularly engaged in the business of appraising the Capital Stock or assets of corporations or other entities as going concerns, and which is not affiliated with either the Issuer or the Holder of any Warrant.

  • FIRREA means the Financial Institutions Reform, Recovery and Enforcement Act of 1989, as amended.

  • Appraisal Report A report setting forth the fair market value of a Mortgaged Property as determined by an appraiser who, at the time the appraisal was conducted, met the minimum qualifications of FNMA and FHLMC for appraisers of conventional residential mortgage loans.

  • CREFC® Appraisal Reduction Template A report substantially in the form of, and containing the information called for in, the downloadable form of the “Appraisal Reduction Template” available as of the Closing Date on the CREFC® Website, or such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CREFC® for commercial mortgage securities transactions generally.

  • Appraisal review means the act or process of developing

  • Appraisal Well means a Well drilled pursuant to an Appraisal Programme.

  • Independent Engineering Report means a report, in form and substance satisfactory to the Administrative Agent and each of the Lenders, prepared by an Independent Engineer, addressed to the Administrative Agent and the Lenders with respect to the Oil and Gas Properties owned by the Borrower or its Subsidiaries (or to be acquired by the Borrower or any of its Subsidiaries, as applicable) which are or are to be included in the Borrowing Base, which report shall (a) specify the location, quantity, and type of the estimated Proven Reserves attributable to such Oil and Gas Properties, (b) contain a projection of the rate of production of such Oil and Gas Properties, (c) contain an estimate of the net operating revenues to be derived from the production and sale of Hydrocarbons from such Proven Reserves based on product price and cost escalation assumptions specified by the Administrative Agent and the Lenders, and (d) contain such other information as is customarily obtained from and provided in such reports or is otherwise reasonably requested by the Administrative Agent or any Lender.

  • Valuation means an estimate of the value of real estate or real property.

  • Control Appraisal Period shall exist with respect to the Mortgage Loan, if and for so long as:

  • Independent Engineer means XxXxxxxx and XxxXxxxxxxx or any other third party engineering firm acceptable to the Administrative Agent in its sole discretion.

  • MAI Appraiser With respect to any real property, a member of the American Institute of Real Estate Appraisers with a minimum of 5 years of experience appraising real property of a type similar to the real property being appraised and located in the same geographical area as the real property being appraised.

  • Approved Appraiser means any of the following: Xxxxx Xxxxxxxx Xxxxxx, Xxxxx, H Xxxxxxxx & Co. Ltd., London, X.X. Xxxxxx Shipbrokers, Norway, or Fearnley AS, Norway.

  • Required Appraisal Loan As defined in Section 3.19(a).

  • Cumulative Appraisal Reduction Amount As of any date of determination by the Special Servicer, the sum of (i) all Appraisal Reduction Amounts then in effect, and (ii) with respect to any AB Modified Loan, any Collateral Deficiency Amount then in effect. The Certificate Administrator and the Master Servicer shall be entitled to conclusively rely on the Special Servicer’s calculation or determination of any Cumulative Appraisal Reduction Amount. None of the Master Servicer, the Trustee nor the Certificate Administrator shall calculate or verify any Cumulative Appraisal Reduction Amount.

  • Approved Valuation Firm means, with respect to any Collateral Obligation, each of (a) Xxxxxx Xxxxxx, (b) Xxxxxxxx Xxxxx, (c) Lincoln International LLC, (d) Duff & Xxxxxx and (e) any other nationally recognized valuation firm approved by the Borrower and the Facility Agent.

  • Appraised Value The value set forth in an appraisal made in connection with the origination of the related Mortgage Loan as the value of the Mortgaged Property.

  • Independent Evaluator A person empowered, pursuant to Section 23.5 (Failure to Reach Agreement) and Section 23.10 (Dispute) of this Agreement, to resolve disputes due to failure of the Parties to agree on a Performance Standards Revision Document.

  • Appraisal District means the Xxxxxx County Appraisal District.