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An appraisal is an independent evaluation of property
value made by a professional and disinterested person. In civil
disputes, including divorce cases, where the value of real and other
property is an issue, the parties may each hire their own "independent"
appraiser. In some cases the court will appoint one. In real estate
finance, most lenders will require an appraisal be done before
committing to lend money on the property.
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