Close

See current mortgage rates on Zillow Mortgage Marketplace

VA appraisal transferable

Profile picture for jujuh
A VA appraisal was completed on May 15th, deal fell through.
New buyers are going through a different mortgage company, but are using same the appraisal. Loan is at the underwriters and they are saying because the appraisal was orfer from a different institution they need an updated appraisal. Is this right or just another way to make money? Thanks
  Flag content
Close
Report a Problem

Please enter a valid email address.

Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

0Yes

July 24 2009 - Anchorage
 Share
 RSS
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

Answers (6)

Profile picture for 203K Specialist
VA has been Using LAPP for as long as I can remember!  Nothing new about it and has nothing to do with Wells Fargo or HVCC....The appraisal stays with the property...if the lender changes or if the buyer changes!
  Flag content
Close
Report a Problem

Please enter a valid email address.

Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

0Yes

November 21 2009
Do to the new changes , wellsfargo required all of their brokers to go thru a processing class to brush up on the new terms etc.
All appraisals are ordered thru LAPP.Lender appraisal processing procedure.
The value Or NOV . Notification of Value is the appraisal, now.
Wellsfargo requires a AVM on any streamline refi on any loan not serviced by wellsfargo.
more information at: http://vip.vba.va.gov

Do you think they got a house since this is from July?
  Flag content
Close
Report a Problem

Please enter a valid email address.

Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

0Yes

November 21 2009
Profile picture for SunTrust
VA appraisals (correctly called Certificate of Reasonable Value) are done in the name of the Department of Veterans Affairs and can be used by any lender; even if the borrower changes (provided new borrower is also VA eligible)
  Flag content
Close
Report a Problem

Please enter a valid email address.

Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

0Yes

November 21 2009
with the new laws passed by your great congress. all loans have to have their own appraisal. the good ole days of the broker or lender picking the appraisal company has gone.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

0Yes

November 21 2009
Profile picture for jujuh
Timothy again thanks, but why would they, mortgage company, want a new appraisal or updated one when the selling price is $29,800 less then the tax assessment and $25,000 less then the appraisal (Cretificate of Reasonable Value)? Thanks
  Flag content
Close
Report a Problem

Please enter a valid email address.

Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

0Yes

July 26 2009
Profile picture for SunTrust
VA appraisals are never done in the lenders name (unlike FHA or conventional which are). The present lender might be asking for newer comps but they can't reject the appraisal (technically it's not an appraisal on VA loans ,it's a Certificate of Reasonable Value) out of hand just because a different lender ordered it originally.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

1Yes

July 25 2009
 

Have a question? Ask it here.

What's this?
Close

By starting a discussion, you can expect more of an interactive, back-and-forth experience where the conversation can go in many different directions.

Or start a discussion
Related Questions
Profile picture for onlyinak
QuestionHARP after BK 7 discharge and home not reaffirmed
  • Latest answer by onlyinak
  • March 05
Profile picture for Steve Sellgren
QuestionWhat can I do to get more (or better) quotes for my loan request ZR-HKCRVCT
  • Latest answer by Steve Sellgren
  • February 11 2011
Profile picture for Andrew Adams
QuestionVA appraisal transferable
  • Latest answer by Andrew Adams
  • November 21 2009
Profile picture for richc52
Questionmy house was just appraised for what I owe on it. and i want to refi existing rate 7.875 what can i
  • Asked by richc52
  • August 25 2009
Question(Moved): what's up with your website. I try to enter my home adress to find out its value and nothing appears
  • Asked by Private
  • May 10 2009
Related Articles
GuideJumbo Loan
GuidePrivate Mortgage Insurance (PMI)
GuideA QUICK ARM 101
GuideA QUICK ARM GLOSSARY
GuideLOANS (A 3-MINUTE ARM GLOSSARY)
Compare Mortgage Rates

Compare Anchorage, AK mortgage rates

Be A Good Neighbor

Zillow® Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy