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If the appraisal is not done by an approved appraiser, the bank will not allow it.
The Real Estate Division was already appraising all of the county's rental property, and once the appraisal is completed, the county will decide whether to raise the rents.
"The appraisal is the linchpin of the system," he said.
The investor says the appraisal is irrelevant and that he is not interested.
The appraisal is used to determine a property value, called an "objective value".
Citigroup may have most to lose if the appraisal is far different from its valuation.
Similar(28)
"But the appraisal was the most susceptible to pressure".
The appraisal was reported in yesterday's Star-Ledger.
"The appraisal didn't match the actual price, and the appraisal was not an independent appraisal.
"The appraisal was a complete sham," Mr. Knox wrote to the arbitrator.
In response, Mr. La Plant said the appraisal was a year and a half old.
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