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. Sometimes there are sales that were showing as under contract as of the effective date of the appraisal that had closed.
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