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#2055832 - 12/28/15 06:03 PM Appraisal
Joanna Offline
100 Club
Joined: Sep 2013
Posts: 102
We had a customer who was purchasing property and an appraisal was ordered. The sale did not happen. The owner of the property has come in to borrow money against the same property. Since we had an appraisal ordered two months ago, can we use that same appraisal without ordering a new one?

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#2055834 - 12/28/15 06:18 PM Re: Appraisal Joanna
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 80,325
Galveston, TX
The use of an existing appraisal is a bank decision.
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