Answers (3)
- D. Scott Secor, "D. Scott Secor"
- Contributions:86
If a lender's underwriter was concerned about the initial appraisal (for which you paid and your loan officer submitted with your loan application), they will often order a "desk review" or "field review" appraisal to validate the value of the subject property.
The review appraisal is the lender's property and is seldom made available to anyone outside of their bank. The lender will only reveal the value determined by the review appraisal, in the event that it came in below that of the appraisal for which you initially paid.
If that is the case, expect the Loan-To-Value to be based upon the lesser of the two appraisals.
The review appraisal is the lender's property and is seldom made available to anyone outside of their bank. The lender will only reveal the value determined by the review appraisal, in the event that it came in below that of the appraisal for which you initially paid.
If that is the case, expect the Loan-To-Value to be based upon the lesser of the two appraisals.
- real estate mike
- Contributions:2001
On this site..That made my day :)
Our Lender did an ourside appraisal and I am wondering where I can find it on this site.
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