Are appraisals required on collateral?
Not necessarily. Equity Funding has been doing business since 1987 and has extensive experience in the valuation of real estate. As a result we are able to make rapid decisions regarding the viability of a loan with or without an appraisal. Even if an appraisal is required, Equity Funding is often able to fund before the appraisal can be finished, preventing delays often attributable to this cause.
Related Questions
- Do the interagency guidelines and independence statement apply for ordering and reviewing appraisals if the collateral property is residential (mortgage or home equity) rather than commercial?
- Who will determine the timing of appraisals for purposes of calculating "appraisal reduction amounts" for CMBS collateral?
- Can PDCs be used as collateral for a loan?
