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Death of the comp check request?

Post it here if it won't fit anywhere else

Moderators: Otis, DB

Postby Mentor on Fri Jul 18, 2008 1:24 pm

M L, they were sounding pretty reasonable for the first 2/3 of the comp check explanation then they crapped all over themselves, but good:

"and a statement that if the customer’s estimated value is incorrect, please advise before a trip is made to the property. The appraiser then calls the borrower and gets them to commit to an appraisal appointment time and then the appraiser schedules an appointment time. Then when the appraiser is doing their preliminary research and they see that it is not coming in at that value, we will definitely give you a call before we go out to the home and/or any money is spent."
I'll take questions on 203K Renovation Loans and FHA Reverse Mortgages
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