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CAN I SUE APPRAISER

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pd Guest	Posted: Thu Sep 15, 2011 11:58 am    Post subject: CAN I SUE APPRAISER Like 0 Dislike 0 I am trying to buy a house. I paid for appraisal, appraiser went out appraised the house $20,000 over the amount i am getting the house for, however he wrote that he needed some things fixed. Items he needed fixed have been completed and bank has asked appraiser to re check and confirm the items he listed in his appraisal were fixed. The appraiser has not responded and the closing date has come and gone and now im beeing told the contract may be void due not having the complete appraisal. _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
apexoffice Moderator Joined: 09 Jul 2008 Posts: 193 Location: Atlanta, GA 56.04 Dollars($)	Posted: Thu Sep 15, 2011 1:19 pm    Post subject: Like 0 Dislike 0 Unfortunately, the appraiser does not have a specific responsibility to complete an additional inspection, so no case there. Although, it would have been a good business decision to go ahead and do it. The lender can select alternative means for verifying the repairs are complete. Worst case scenario, another appraisal could be completed. It is not uncommon to have another appraiser verify completion of repairs, especially for FHA or VA appraisals. _________________ Benjamin Smith Atlanta Area Appraiser

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