appraisals: Appraisal Issues
- 04/17/08 10:17 AM
For the second time in a week, a home I sold did not appraise. It appears the appraisers are getting pressure from the underwriting departments of the respective mortgage companies. Recently, an appraiser told me he was instructed which comparable sales to use in his report (I have never heard of such an order before). I think this is something that is going to continue to happen. However, the opportunity to appeal an appraisal has been given to be in both instances. My appeals have been successful to date. It will be important in the future to prepare your clients for this … (0 comments)
For the second time in a week, a home I sold did not appraise. It appears the appraisers are getting pressure from the underwriting departments of the respective mortgage companies. Recently, an appraiser told me he was instructed which comparable sales to use in his report (I have never heard of such an order before).;)
;)
