Limited Commercial Appraisals?

Posted By: tennesseeanne

Limited Commercial Appraisals? - 04/18/11 08:56 PM

Has anyone heard of a "limited appraisal" for commercial properties? Not to be confused with limited-use appraisals.

I have a few lenders who are claiming that they are losing deals because other banks are using these appraisals.

What I REALLY think is going on it that we have a seriously TIGHT appraisal policy and the other banks in the area have not caught up.

We have calls into our commercial appraisals, but I thought I would throw this out here.

Any guidance would be helpful. Thanks!