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b. Standard (09/14/2015)
An Unimproved Property Appraisal may be warranted when:
• the Property does not include building improvements;
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II. ORIGINATION THROUGH POST-CLOSING/ENDORSEMENT D. Appraiser and Property Requirements for Title II Forward and Reverse Mortgages
8. Unimproved Property Appraisal
• the prior improvements on the Property were demolished;
• the improvements are in such deteriorated condition as to provide no Contributory Value to the Property; or
• condemnation proceedings by the local authority have acquired the improvements in part or in their entirety.