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#2229249 - 01/16/20 08:16 PM Appraisal on OREO property
JWelch Offline
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Joined: Oct 2016
Posts: 14
We have an appraisal on file on a residential property currently owned by the Bank. (Appraisal was performed after minor improvements to the property) The Bank has found a buyer for the property and is going to finance the purchase. Is a new appraisal required?

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Lending Compliance
#2229252 - 01/16/20 08:36 PM Re: Appraisal on OREO property JWelch
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 83,364
Galveston, TX
If it still meets your appraisal policy I don't see why it would not be acceptable.
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