Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Can a case number be canceled and another one requested with a different appraiser?

April 26, 2017appraiser Case different requested

0

Posted

Can a case number be canceled and another one requested with a different appraiser?

1 Answer

0

Posted

A. Once an appraisal has been completed, it has a life of six months for existing and twelve months for proposed properties, and should not be canceled. Reconsideration of value as well as transferring to a different lender should be handled in accordance with the HUD HB 4150.2 The case number should not be canceled because the buyer changes, the case number is attached to the property.