I'll tie this up a a big red bow with a statement of the obvious -- Although the bank must comply with the appraisal guidelines and obtain a valuation of the property, if the bank pays for an appraisal, it isn't required to pass the cost on to the borrower.
Last edited by John Burnett; 02/18/20 07:21 PM. Reason: clarity
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John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8