Is inspections and appraisals required by law in detroit michigan? - appraisal detroit home
have a review and assessment required by law to Detroit
Tuesday, January 12, 2010
Appraisal Detroit Home Is Inspections And Appraisals Required By Law In Detroit Michigan?
1 comment:
Evaluation, yes, by federal law.
Inspection no.
And to follow that on another of your questions ... if there is no bank is involved ... You do not need. The bank is obligated to obtain an independent evaluation to ensure that they do not pay one million U.S. dollars for a 100k house.
If you pay by cash, may without an examination, inspection, or even without title insurance to be completed (although this is not advisable at all)
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