certificate of reasonable value


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certificate of reasonable value (CRV)

A document issued by the Department of Veterans Affairs as a prerequisite for a VA loan;it is based on an approved appraisal.It establishes the maximum value of the property for VA purposes and,as a result,the maximum size of the VA loan.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
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