Richard Carlsen
Elite Member
- Joined
- Jan 15, 2002
- Professional Status
- Licensed Appraiser
- State
- Michigan
I have a handout about the appraisal process that includes this question. I used it for a while and if anybody wants a copy, drop me an e-mail.
My answer to the question about giving a copy of the report to the borrower is to tell them that I give the bank 2 copies and under the Fair Credit Act, they are required to give them a copy of the report. As for me giving a copy, the report does not belong to be but my client the bank. It is theirs to do with what they will.
Interesting side note. I did a VA the other day on a house that had started to refi conventional. I asked questions about the property and the lady said, "Do you want a copy of the last appraisal that was just done? It might have some of the answers you need." Always happy to get my hands on one of the competitions reports, I answered yes. She then asked for my e-mail address and sent me a .pdf copy of the report that the lender had sent to her. Now we have the borrower into the e-mail game.
Wonder when the first lender will instruct me to send a copy to the borrower when I send them their copy?
My answer to the question about giving a copy of the report to the borrower is to tell them that I give the bank 2 copies and under the Fair Credit Act, they are required to give them a copy of the report. As for me giving a copy, the report does not belong to be but my client the bank. It is theirs to do with what they will.
Interesting side note. I did a VA the other day on a house that had started to refi conventional. I asked questions about the property and the lady said, "Do you want a copy of the last appraisal that was just done? It might have some of the answers you need." Always happy to get my hands on one of the competitions reports, I answered yes. She then asked for my e-mail address and sent me a .pdf copy of the report that the lender had sent to her. Now we have the borrower into the e-mail game.
Wonder when the first lender will instruct me to send a copy to the borrower when I send them their copy?