Certificate Of Reasonable Value (CRV)


Definition of "Certificate of reasonable value (CRV)"

Rae  Wakelin & Nicola Wakelin real estate agent
Rae Wakelin & Nicola Wakelin, Real Estate Agent Amerivest Realty- Wakelin Realty Team

Certificate showing the appraised value of the property and maximum VA guaranteed loan a veteran under GI guaranteed mortgage loan may obtain from a private lender. See also certificate of eligibility.

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Comments for Certificate Of Reasonable Value (CRV)


J Lundquist J Lundquist said:

who can submit a CRV in MN? Agent, assessor, friend?

Aug 02, 2020  19:49:46

 
Real Estate Agent

Hey! I think what you are interested in is the Certificate of Real Estate Value which has undergone some changes in Minnesota. Anyone who wants to transfer property with a purchase price of over $3,000 can submit the CRV. Since October 1, 2014, the Minnesota Department of Revenue no longer accept the listed form of CRV, and instead the electronic version of the paper CRV form was implemented. You fill the paper online and submit it from anywhere as long as you have a computer and internet access. Good luck!

Aug 03, 2020  10:56:36
 

 

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