- May 31, 2005
- Professional Status
- Certified Residential Appraiser
Could anyone out there enlighten me about trip fees and the charging of them when it comes to FHA appraisals. I believe I once read somewhere in this "forum" that if the borrower does not pay the fee for an appraisal, the lender is obligated to pay it. Does the same thing apply when the appraiser has showed up to the subject and the owner is a "no show"? I recently got an appraisal for a multi where the owner lived out of state and he asked if he needed to be there and I told him that I would prefer that he was because of the obvious reasons: payment, questions about the operating statement, etc. He never called to cancel the appraisal and did not show up either. Now I am told by the lender that I should send the owner an invoice charging him for the trip fee. Its not likely that he will pay it, so what recourse do I have, if any?