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 manoj_gopale
Joined: 16 Feb 2009
Posts: 481
0.49 Dollars($)
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 Posted: Mon Jun 15, 2009 9:11 am Post subject: |
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| Quote: | | why would a lender order a second appraisal? |
Whenever there are two appraisals involved most of the time the loan amount is high enough and thus require validation from two different agencies/entities.
So many of the lenders get it done through third party agencies.and if they found any discrepancy in both the report then it may hamper the loan proceedings itself.
keep in touch...........
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SWarghad
Guest
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| Posted: Sat Jul 11, 2009 3:25 am Post subject: |
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| No, I do not. we commit for that |
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gmakerley
Community Mentor
Joined: 09 Nov 2007
Posts: 7405
Location: bloomfield, ct
62.63 Dollars($)
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| Posted: Sat Jul 11, 2009 5:37 am Post subject: |
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sw, you've brought nothing to the table. why not leave it and depart?
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George M. Akerley
Loan Consultant
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jk9999
Joined: 15 Jul 2009
Posts: 110
1.53 Dollars($)
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| Posted: Sat Jul 25, 2009 8:56 pm Post subject: |
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| hello ,Mable, i think that is because the lender will only trust the appraisal they ordered rather than from anybody else' . |
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gmakerley
Community Mentor
Joined: 09 Nov 2007
Posts: 7405
Location: bloomfield, ct
62.63 Dollars($)
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| Posted: Sun Oct 25, 2009 8:58 pm Post subject: |
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jk...not only is your post untimely (4 months late) but the "second appraisal" would have been ordered by the lender who ordered the "first appraisal." second appraisals are not uncommon for odd types of property. we never did get a definitive answer on why the lender requested a second appraisal in this case.
_________________
George M. Akerley
Loan Consultant
860-221-5044 |
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