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How do you obtain a pre existing appraisel on a home? |
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If it for your own information you can simply call your broker/banker and ask him for a copy. RESPA requires that you as a borrower have a right to recieve a copy of your appraisal. However, be advised that even though you paid for your appraisal, it is not YOUR appraisal. It is the property of whatever Banker/Broker ordered the appraisal. You can not reuse an appraisal for the purpose of refinancing unless the new mortgage company has the appraisal assigned to them. This requires the original broker to release their interest in the appraisal and sign it over to the new company. Its probably best just to get a new appraisal depending on the age of the pre exsisting appraisal. There may be new comparable sales to your benefit or detriment.
First answer by Bigandlittle. Last edit by Bigandlittle. Contributor trust: 120 [recommend contributor]. Question popularity: 4 [recommend question]
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