Posted By: mdog76
ORE Appraisal - 09/25/17 04:54 PM
If a customer purchases ORE property (1-4 family), is the bank supposed to provide the customer with a copy of the appraisal the bank had done? The appraisal was completed in June 2017.
Are you financing the purchase of the ORE from your own bank? And what was the purpose of the appraisal from June?
Posted By: mdog76
Re: ORE Appraisal - 09/25/17 05:14 PM
Yes we are financing the purchase. The purpose of the June appraisal was yearly ORE appraisal.
Posted By: rlcarey
Re: ORE Appraisal - 09/25/17 05:24 PM
If you are using it for the loan, I would suggest that you give it to them. You are not going to find anything in Reg. B that is specific as to yay or nay .