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b. Standard (05/09/2022)
A Borrower-owned land appraisal is required under Title I when a real estate interest in land is acquired to support the Manufactured Home.
When the secured Property consists of a borrower-owned lot and a Manufactured Home that are, in combination, treated as real estate by the local government, the Lender must obtain a single appraisal from an FHA Roster Appraiser.