how do i get a copy of my home appraisal when the lender will not return your call?

Answer 1

ONCE AGAIN MUDISFUN IS TOTALLY WRONG.IF YOU DID NOT SIGN ANY THING YOU DO NOT HAVE A CONTRACT WITH / OR BETWEEN APPRAISER AND BROKER. IF YOU PAID FOR IT CALL THE APPRAISER AND HAVE THEM GIVE YOU A COPY.IF THE APPRAISER DOES NOT GET YOU A COPY FILE A COMPLAINT WITH BBB and others. Also sue them in small claim court you will win. Lots of brokers and appraisal people think that they do not have to give you a copy if you paid for it but the law says different. Make sure they email a copy. A fax copy or a mail copy is unless. When a loan is done at the mortgage bank I work for we always email a copy of the appraisal to the customer( we have nothing to hide). Sometimes the value is more then the broker told you.

Answer 2

Have you already closed the loan? If so, somewhere in your loan doc's will be the instructions for requesting a copy of your appraisal.

If you have not closed the loan the lender is not yet required to provide the appraisal to you. If your using a broker ask your loan officer for a copy; again though they are not required to provide it to you at this point in time. I always send a copy to my borrower when I get the report, I feel it promotes honesty and trust.

The above poster is incorrect about the report being yours. He is right, you paid for it but the contract was between the appraiser and the lender/broker. You do not 'own' the appraisal report, the lender does.

The reason you already wrote a check for the report is because the broker or lender does not want to get stuck paying a $350 bill if for some reason you pull the loan, do not qualify etc... In a perfect world the appraisal would just be another item on the closing statement and would be paid at closing but unfortunately many loans explode near the end and never close for a bunch of reasons. If you pulled your loan from a lender would you then be a nice person and send them a check for the appraisal? I doubt it since you would then have to pay another $350 for a new appraisal with a new lender.

Best advice: Send the request to the lender in writing; certified mail, return receipt requested. If they fail to provide you with the report the contact your states licensing department and the department of housing and urban development to file a complaint.

Good Luck

Kevin 866-562-6838 x 106
[e-mail]
www.firstratelending.com

Answer 3

You have paid for the appraisal, but it doesn't belong to you. The lender owns that appraisal because their name is on it and they were the appraiser's client. So it is up to the lender whether or not they want to share that with you.

However, I have never known a lender to withhold an appraisal from a homeowner or buyer. Try to talk to someone else in the office and I'm sure they'll be happy to help you.

Answer 4

in case you have the variety of the appraiser initiate there. The loan officer could or will possibly no longer have it. it may be an element of your report and maximum lenders do no longer supply copies to the loan officer. A 2 year previous appraisal has no cutting-edge fee, basically as a side observe. I write a blog on the subject of credit administration, mortgages, actual materials developments, etc. verify it out for extra advice which would be triumphant.

Answer 5

This is kinda an interesting topic not touched upon very often. I have, in the past, held up the release of an appraisal in certian situations. Most often, the reason was becuase the client (you) stopped working with me and avoided my phone calls until you realized I needed to be involved to release the appraisal to the new company you where working with. Now, by law, the lender DOES NOT HAVE TO RELEASE THE APPRAISAL, being that the apparaisal was ordered for the lender. Ethically, the broker will release it but maybe make you struggle a bit for it. It has to do with ethics on both parts.

Ex: You call in and after taking an initial loan application we both come to an agreement on terms/rate/fee's etc... Now, at that point I order the appraisal under the understanding that you are comfortable and happy with the loan I have you approved for. I work with certian appraisers in certian areas and delagate my favorite appraiser to inspect the property. He likes me and from working with me in the past understands that I am a good loan officer and have never set an appraisal that the borrower backed out of at the last minute. (this really pi**es the appraiser off) however, being that I have never sent him "wood" he is quick to set an inspection with you and get the appraisal back to me.

Now, for whatever reason after the inspection is done and I have put several hours into your file, you decide not to go forward with the loan. That's fine, you have your life and I can't argue with that. However, not a week later I get a call asking me to release the rights to the appraisal. This lets me know you have chosen to go with another lender. Now I'm pi**ed! We entered into an agreement and because you are shopping for the bigger better deal, I am left holding the bag after having done hours of work on your file.

The thing that borrowers/clients don't realize is, if you had called me back letting me know that this other guy was giving you so and so terms and you'd be happier with those terms, I would be able to get you the exact same thing and probobly quicker since a lot of the work has already been done on my part to get your loan closed.

(personal basis) I'm very honorable and disclose all the terms and costs of the loan upfront. When one of my clients enters into the loan process with me, there is little chance I'm going to be undersold. BUT, even if I happen to be undersold, out of honoring our verbal contract, I appreciate it if my clients just bite the bullet and move forward with me. Chances are the other deal isn't legit anyway and the other broker is just telling you what you want to hear in the hopes of earning your business. Only when it comes down to the closing table are you going to realize this other broker is giving you exactly what I had planned on giving you anyway and by that time, you are so tired of the loan process you just proceed to close anyhow.

Keep in mind, a good-faith estimate is just that. AN ESTIMATE! it is not the exact terms of the loan, nor are preliminary disclosures. Only upon drawing the loan documents to you have final approval and a rate/terms/cost set in stone.

My suggestion to anyone reading this looking for a mortgage. Find someone that's been in the busuiness for a few years and put your trust in them. Can you get burned? NO! Noone can make you sign the loan documents and if they are laid out in front of you not meeting the terms that you and the broker agreed upon, DON'T SIGN! call up the next broker and let him know what you just went through.

Also, you can ask a licensed broker for referrals. Any good broker is going to have a previous client that would be happy to give you thier opinion of thier work. I personally have several people that would trust me watching thier children, just from doing good/fair business. In the end, that's what matters. Staying competitive and giving a fair deal. There is no BEST deal.

So, hold tight. the broker is just making you pay a bit for flaking out on your previous agreement. You will get your appraisal soon enough.

that's my opinion

Answer 6

Time to shop for another lender.....they should (and must in most states) make a copy of your appraisal available to you!!

Answer 7

Drop the lender and use another. You can then have the appraisal transferred to the other lender.

Answer 8

If you pay for it, the appraisal report is yours, you could request a copy with the appraisal company. Or ask to your Realtor to get it for you

Answer 9

You have paid for the appraisal. Therefore, it is yours. You should visit the loan officer and demand a copy or your money back in full.

Answer 10

Write the broker/bank and by law they have to provide you with a copy within 90 days