George Hatch
Elite Member
- Joined
- Jan 15, 2002
- Professional Status
- Certified General Appraiser
- State
- California
It is not uncommon for some of the smaller lenders to be unaware of some of the FRT requirements for certain situations, such as this one. It would pay to make some further inquiries to clarify if they need a bulk-sale valuation. As well, these lenders also usually have their own internal guidelines which once they establish them they are required to follow them even if its in excess of what is required for an FRT.
The last thing you want to happen is for them to make a mistake in ordering the wrong valuation scenarios then find out later that they just wasted whatever fee they paid you because you also didn't think to get this question cleared up.
The last thing you want to happen is for them to make a mistake in ordering the wrong valuation scenarios then find out later that they just wasted whatever fee they paid you because you also didn't think to get this question cleared up.