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Owner Wants Copy Of 3 Year Old Appraisal

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KenAZ

Senior Member
Gold Supporting Member
Joined
Jan 6, 2010
Professional Status
Certified General Appraiser
State
Dom. Republic
This is a 3 year old VA appraisal. The homeowner called me to get a copy of this appraisal.

I told him that I cannot release it without permission from the Mortgage Company
The Mortgage company lost the appraisal so they wrote me an email giving me authorization to release the appraisal to the homeowner.

He first said that he needed it for the measurements, now he says he needs it for his records

I have a bad feeling that he is going to use it for something bad. The county records has the wrong house, so my measurements showed the home about 150sf larger than county. Probably another appraiser measured it using county measurements, so he wants to challenge the newer appraisal.

Maybe he is using it to file a complaint against me. Who knows

Anyways, I need a good statement I can send this homeowner to decline his request for a copy of the appraisal. Something nice, but legal sounding.

Thanks!
 

KHS445

Member
Joined
Aug 20, 2011
Professional Status
Appraiser Trainee
State
Michigan
Despite having permission from the lender to release a copy of your report to the borrower, I would provide a copy to the lender and let the lender release it to whoever they want.

As far as language there probably isn't much you can write now that would deter the borrower from doing whatever they are going to do. If you truly have a bad feeling I would open up the old report and add an addendum with the current date saying something along the lines of an appraisal being a dated document/snap shot in time, highlight the difference between public records and your measurements, that this is a true copy of the original report and it is being provided to XYZ lender as they have reportedly lost their copy of the original report, possibly reiterate the verbiage regarding the purpose of the appraisal, the intended use/user, the client, etc.

Not much you can do to change history.
 

J Grant

Elite Member
Joined
Dec 9, 2003
Professional Status
Certified Residential Appraiser
State
Florida
If you measured the house and your measurements reflect what the house is rather than public records, what would the problem be?

Give them the appraisal copy since the mtge lender gave permission and stop worrying so much.. imo)
 

jay trotta

Elite Member
Joined
Feb 8, 2004
Professional Status
Certified Residential Appraiser
State
Connecticut
If the Lender lost their Original, How come they did Not request a re-submission from you ??

In order for them to be compliant with Federal Regulatory Compliance and their Due Diligence, they need a file copy.

Have had files out over 2 years and have been requested by the Lender to provide an Original or Copy for their file records;
 

miktay

Senior Member
Joined
Jul 3, 2007
Professional Status
Certified Residential Appraiser
State
Texas
I know that feeling Ken, but nearly everything similar to this that I have lost sleep over, has turned into a big fat nothing.
Another very real possibility is that this guy is a true obsessive / compulsive who must have everything from his past neat and tidy in his files, or he can't sleep well at night. You never know. Best wishes
 

miktay

Senior Member
Joined
Jul 3, 2007
Professional Status
Certified Residential Appraiser
State
Texas
PS: sorry to hear about that recent computer crash you had. You really should have backed up your files!!
 

Andy Taylor

Member
Joined
Sep 22, 2003
Professional Status
Certified General Appraiser
State
North Carolina
Had a guy call the other day wanting a copy of an appraisal that I did for him for a refi that had to be over 20 years ago. Told him sorry, don't have it. He's going through a divorce and his attorney asked him if he had ever had the house appraised. I think the attorney must have meant recently and this guy didn't hear the recent part.
 

J Grant

Elite Member
Joined
Dec 9, 2003
Professional Status
Certified Residential Appraiser
State
Florida
lol, 20 years feels like yesterday to him it seems!
 

ucbruin

Elite Member
Joined
Mar 11, 2014
Professional Status
Certified Residential Appraiser
State
Massachusetts
During a bad divorce.....:cry:
1 year can feel like 20.....:LOL:
 

BRCJR

Elite Member
Gold Supporting Member
Joined
Sep 20, 2005
Professional Status
Licensed Appraiser
State
Virginia
Despite having permission from the lender to release a copy of your report to the borrower, I would provide a copy to the lender and let the lender release it to whoever they want.

As far as language there probably isn't much you can write now that would deter the borrower from doing whatever they are going to do. If you truly have a bad feeling I would open up the old report and add an addendum with the current date saying something along the lines of an appraisal being a dated document/snap shot in time, highlight the difference between public records and your measurements, that this is a true copy of the original report and it is being provided to XYZ lender as they have reportedly lost their copy of the original report, possibly reiterate the verbiage regarding the purpose of the appraisal, the intended use/user, the client, etc.

Not much you can do to change history.

If you do as suggested, above, you are not supplying the original appraisal, which is what is being requested.

You have a new signature date with verbiage not included in the original. What are you to do when the original magically appears and is compared to the "original copy" you provide?

With written permission supply the appraisal "as is" and move on.
 
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