I recently had my property appraised,but my lender refuses to give a copy of that appraisal report.Can they do that or are they required by law to give me a copy?
The appraisal usually goes to the bank. The Loan Officer will tell you what the value came in at. This is the most important part of the appraisal. As long as it appraises at the purchase price or above you are in good shape to close on the house.
Are mortgage lenders supposed to give you a copy of your property appraisal report after it’s been appraised?
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They gave me mine. It included city and area info also – Annual Flood reports and such
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simple answer; only if you are being charged for it. [either directly now or at closing]
ASK the lender and ask the closing office[s].
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RE broker
at close of the loan you can request a copy and they must furnish it.
Part of RESPA
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The appraisal usually goes to the bank. The Loan Officer will tell you what the value came in at. This is the most important part of the appraisal. As long as it appraises at the purchase price or above you are in good shape to close on the house.
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If you have been or will be charged for it at closing, then yes they need to give you the appraisal. However, some will wait until closing day to give you that information.
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