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paying for appraisals: More Indivisuals Willing to Buy Home Seller's Appraisal! - 08/03/09 09:13 PM
In the past years home sellers appraisal reports were not commonplace. Average sellers would rarely want a professional opinion of value before listing their home. CMA's from a REALTOR were helpful in determining a list price, however sellers could be flexible on their pricing due to the rising real estate prices at the time. The typical seller was very happy to take appreciation from their home. Sale prices for much higher than than two or three years previously expected. Just a couple of years ago, it was hard to find anybody unhappy with their transaction.
As of more recent times we have … (1 comments)

paying for appraisals: Transferring An Appraisal From One Lender to Another! - 06/08/08 03:31 PM
You are trying to get a mortgage loan and you fall out with your mortgage professional or somebody offers you an overall better mortgage. You paid for your appraisal, it is yours correcct? No, your mortgage lender engaged the appraiser, for an appraisal report, and they are the client.
Many mortgage professionals, borrowers and REALTORs do not understand that by federal law (FIRREA act) the mortgage lender must engage the appraiser for an appraisal and be named as client on the appraisal report. Oftentimes appraisers hear "But you do understand, my personal check paid for that report, it is mine." Sorry, it just … (2 comments)

 

James Graner

Saint Charles, MO

More about me…

Residential Services: http://appraisalmo.com

Address: 1245 Cunningham Ave, St Charles, MO, 63301

Office Phone: (636) 916-4325

Cell Phone: (314) 277-3336

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Things that I like to write about! This might include general real estate matters, sports, politics, mortgage business, or real estate appraisal.


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