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Reordered appraisal

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You can appraise the same property every 10 minutes if someone wanted you to and you were fast enough. You're not going to find a "law" that says you can or can't appraise a property more than once.

I meant no offense and I did say "with all due respect." :Emoticon_hug:
 
same lender btw and same AMC.

I missed that in your original post.

Well, sure, it could be "value shopping" in the negative context.
It could also be a legitimate order for other reasons (same lender), but who wouldn't be suspicious in this environment?

The thing is, it is unlikely that they'd try to "value shop" a 1004 with an appraisal with an inferior (and, consequently, less-reliable) SOW.

It is possible that the lender, rather than ordering a "review" could order a drive-by (there are some on this board who advocate no reviews and a 2nd appraisal) to see if the drive-by analysis (comp selection, market trend analysis, etc.) is consistent with the first appraisal.
But if that is the case, then it should obviously not been ordered from you.

If you are curious about what happens, just keep an eye on it in MLS to see if it closes at the list price or maybe your appraisal price, and then see (if there was a loan) if the lender for the purchase is the same as the one who is ordering these appraisals.

Good luck!
 
LOl.. you are forgiven since you gave me hearts:)

My question was mainly about the lender being allowed to reorder an appraisal for the same loan, not if I were allowed to do the appraisal.
 
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