The type of appraisal report required by most lenders is the:

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The summary report is the type of appraisal report required by most lenders as it provides a concise summary of the key information and findings of the appraisal. This type of report is generally less expensive and time-consuming to produce than a self-contained report and provides the lender with the essential information needed to make a lending decision. A letter form report is typically used for simpler appraisal assignments, while a self-contained report is more detailed and comprehensive, and is typically only required for complex or high-value properties. A loan report is not a common type of appraisal report but rather a type of financial report used by lenders to evaluate the financial risk associated with a loan.

The Type of Appraisal Report Required by Most Lenders Is