Zoe
Elite Member
- Joined
- Sep 15, 2020
- Professional Status
- Certified General Appraiser
- State
- Tennessee
Still, if I loan you a ton of money for a 25 year lease for a walgreens. Do you think that lease is recorded in public records before I satisfy that lease and my mortgage is recorded?No YOU are not typically motivated above, but the MV in an appraisal is not based on what YOU do - it is based on what the property should transact for in th open market with a typically motivated buyer and seller (
MV is an appraisal model, which is why it can differ from an actual price on a contract.
Do you think title insurance lawyer will pick that up?
Would you be typically motivated to buy that recorded lease?