2006-11-14 00:20:11 · 5 answers · asked by Not Settling 2 in Business & Finance ➔ Personal Finance
Of course. WHen it comes to real estate I will only get my own appraiser to do the job because I trust his judgement. Appraisers are not all created equal!
2006-11-14 00:28:27 · answer #1 · answered by Gone fishin' 7 · 0⤊ 0⤋
It is a bit unusual, but not necessarily a problem.
A lender may ask for more than one appraisal when the property in a area with rapidly changing values, an investment or commercial property, or an unusual property that is difficult to appraise.
Some lenders always require 2 appraisals for loans over $1 million.
2006-11-14 01:30:39 · answer #2 · answered by bookbyte 3 · 0⤊ 0⤋
When dealing with large amounts of money, wouldn't you want to make sure of the value of the collateral?
2006-11-14 00:28:02 · answer #3 · answered by Common Sense 5 · 0⤊ 0⤋
yes that is normal just to make sure the first apprials was right.
2006-11-14 00:27:59 · answer #4 · answered by besos 4 · 1⤊ 0⤋
No, it is not normal. It also should NOT be at your expense.
2006-11-14 00:27:43 · answer #5 · answered by rjrmpk 6 · 0⤊ 1⤋