CERTIFICATION PROCESS

Manufactured Housing Appraisers Certification covers the following array of services for our certified appraisers. Certified appraisers will be capable of performing the below explained appraisal functions in a highly professional manner while abiding to a high standard code of ethics.

a. Bankruptcy Appraisals – appraisals generally performed for local/regional
law firms. This appraisal may require the appraiser to testify in court and defend/explain his valuation.

b. Standard appraisals – an appraisal used by a variety of nationwide firms with manufactured housing portfolios. This appraisal generally follows guidelines suggested by NADA.

c. Vacant Unit evaluation – here the appraiser will have to travel to a manufactured home and obtain appraisal information without the benefits of having the owner present. Portions of this appraisal may have to be performed without access to entire unit or without the history of the unit.

d. Relocation Appraisals – these appraisals not only take the value of the manufactured home into consideration, but also the costs/problems of removing the unit from it’s original site, but also the costs of moving it to another site and setting it up in accordance with area regulations. A variety of factors such as power sources, underground utilities, breakdown procedures, moving costs, local set up requirements are but a few of the many factors the appraiser will need to consider to complete these complex appraisals.

e. Loan Appraisals – the appraiser will work for the buyer or lending institution to determine the value of manufactured home which will allow the lender or the buyer to determine a loan value for specified unit.

f. Refinancing Appraisals – here the appraiser will assist the buyer in determining value of manufactured home to assist owners during refinancing of unit and will include area comparables.