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  • Comment Detail

  • Date: 01/07/21
    First Name: Barry
    Last Name: Neal
    Email: barrytneal@gmail.com
    Organization Type: other
    Organization: NEALS INSURANCE

  • Comment

    I have had to pay for an appraisal 2x within a month because I switched lenders to obtain a better loan in a refi.
    the Loan is less than 30% of the value of my home. The appraisal is supposed to be independent from the lender.
    Why is the 1st appraisal not acceptable for the 2nd lender?
    Why can't I get an appraisal waiver since the Loan to Value is so low?

    An appraisal should be good for a minimum of 120 days unless a severe drop in Real Estate is occuring.
    An appraisal should be accepted by all lenders as long as the appraiser is licensed.