cancel
Showing results for 
Search instead for 
Did you mean: 

Who pays the appraisal?

tag
Koffee
Valued Member

Who pays the appraisal?

I just received an email from my LO requesting a check for $300.00 for the appraisal. It's listed on the GFE for $430.00.  Will I be billed twice?  Is this standard procedure?
 
Thanks all.
 
7/12/08: TU-602, Eq-597, Exp-581

07/24/08: TU-610, Eq-597, Exp-583

09/01/08: TU-610, Eq-614, Exp-600
Message 1 of 3
2 REPLIES 2
DallasLoanGuy
Super Contributor

Re: Who pays the appraisal?

sounds like they are asking for a deposit. i do this for my clients..... hold a check until it can be determined that the appraiser is paid on the hud1 settlement statement.
 
buyer pays the appraisal.
Retired Lender
Message 2 of 3
Koffee
Valued Member

Re: Who pays the appraisal?

Thanks Dallas!!! You da' man.
 
7/12/08: TU-602, Eq-597, Exp-581

07/24/08: TU-610, Eq-597, Exp-583

09/01/08: TU-610, Eq-614, Exp-600
Message 3 of 3
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.