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Question?

Discussion in 'General Appraisal Discussion' started by valuesource, Nov 10, 2009.

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  1. valuesource

    valuesource Sophomore Member

    0
    Apr 8, 2008
    Professional Status:
    Certified Residential Appraiser
    State:
    Florida
    I completed an appraisal back in 2007 for a mortgage company who submitted a loan through lender X. Now there is a company asking for a copy of that appraisal on behalf of lender X, lender letter head and all. The mortgage company who submitted the loan is no longer in business and they need a copy of my appraisal. From what I understand, I would be in violation of USPAP by submitting the appraisal to anyone other than the mortgage company who ordered the appraisal. Would that include the lender also?? Thanks in advance:)
     
  2. Mike Kennedy

    Mike Kennedy Elite Member

    59
    Sep 28, 2003
    Professional Status:
    Certified Residential Appraiser
    State:
    New York
    Which party (or parties) was/were the named client(s) on the 2007 report?
     
  3. valuesource

    valuesource Sophomore Member

    0
    Apr 8, 2008
    Professional Status:
    Certified Residential Appraiser
    State:
    Florida
    Only the mortgage company.
     
  4. TITAN1

    TITAN1 Sophomore Member

    0
    Jan 2, 2008
    Professional Status:
    Certified Residential Appraiser
    State:
    Florida
    Answer Mr Kennedy's question and you have the answer to your question.
     
  5. CANative

    CANative Elite Member

    122
    Jun 18, 2003
    Professional Status:
    Certified Residential Appraiser
    State:
    California
    Tell them to go fly a kite. There can be nothing good for you in providing a lender with a two year old appraisal. Maybe the loan is in default and they want to sue someone.
     
  6. valuesource

    valuesource Sophomore Member

    0
    Apr 8, 2008
    Professional Status:
    Certified Residential Appraiser
    State:
    Florida
    Just wanted to be sure. Thanks again!
     
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