Most Recent Appraised Value definition
Most Recent Appraised Value. $_______________ Recent Appraisal Date:
Most Recent Appraised Value or “Appraised Value” means for any mortgaged real property securing an underlying mortgage loan in the issuing entity, the “as is” value estimate reflected in the most recent appraisal obtained by or otherwise in the possession of the mortgage loan seller.
Most Recent Appraised Value means, with respect to a mortgage loan at any time of determination, the appraised value of the applicable residential property that has been obtained most recently prior to such date of determination.