Gold Supporting Member
- Oct 11, 2006
- Professional Status
- Certified Residential Appraiser
- South Carolina
I completed an assignment near the end of December for a purchase transaction with conventional financing. No problems. The lender contacted me this week and the borrower is changing to Rural Housing. They want me to bring my appraisal into compliance with USDA requirements and are paying for the difference in fees as well as an additional trip fee. I have re-visited the property and performed the necessary inspections. Again, no problems. My question is, would it be more appropriate to revise the original report with the necessary changes for USDA and commentary on what I did and keep the original effective date or make it a new report with a new effective date with disclosure of a prior assignment? The client is asking for a revised report but are willing to accept it either way.