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Who is responsible for the quality of an FHA appraisal for FHA financing?

Answer
The FHA Approved mortgage lender is held responsible, equally with the FHA appraiser, for the integrity, accuracy and thoroughness of an FHA appraisal submitted for FHA mortgage insurance purposes.
FHA may pursue appropriate enforcement actions against both or either party for violations.

MLs: 09-09,05-06,94-54
 
 

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