Challenging a mortgage appraisal
Annarbor Appraisal
SEPTEMBER 6, 2020
Even though the lender is the client, the borrower is by regulation, required to be given a copy of the appraisal report. When a sale is involved, the valuation may be lower than contracted price. Lenders offer a formal “Reconsideration of Value” (ROV) process. Limit the number of sales to three if possible. •
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