Thread Options
#2244776 - 10/28/20 08:49 PM Consumer Real Estate Loan Over $1,000,000
Crazy Bank Lady Offline
Member
Crazy Bank Lady
Joined: Jun 2005
Posts: 95
Missouri
I have looked thru the appraisal guidelines to no avail and would like some help please. Would a consumer real estate loan to purchase the residence, in an amount greater than $1,000,000, automatically require two appraisals if the loan were kept in portfolio?

Return to Top
Interagency (Reg Z) and CFPB Reg B Appraisal Rules
#2244781 - 10/28/20 09:39 PM Re: Consumer Real Estate Loan Over $1,000,000 [Re: Crazy Bank Lady]
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 74,435
Galveston, TX
Well, there is a reason you could not find anything - it is because something like that does not exist in the appraisal and evaluation guidelines.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top
#2244783 - 10/28/20 10:01 PM Re: Consumer Real Estate Loan Over $1,000,000 [Re: Crazy Bank Lady]
Crazy Bank Lady Offline
Member
Crazy Bank Lady
Joined: Jun 2005
Posts: 95
Missouri
Thank you for your quick response.

Return to Top