Posted on: 15th Dec, 2009 09:46 am
Can a mortgage co charge you two times for a visit by appraiser if they say in 1st appraisal that work needs to be done on home you are considering purchasing?
Hi annyb,
The mortgage company can charge you twice if the apprasier visits the property two times. The appraiser generally does a primary inspection on the property on the first visit. In case there are some repairs to be done on the property, he visits for a second time to check if the repairs have been done satisfactorily.
The mortgage company can charge you twice if the apprasier visits the property two times. The appraiser generally does a primary inspection on the property on the first visit. In case there are some repairs to be done on the property, he visits for a second time to check if the repairs have been done satisfactorily.
Generally mortgage company changes appriser to property. Apprisaer prepare initial as per property condition. The inspection decides those things. some times with some discripancies are there then appriser will review and do the final inspection.