Can an appraisal be transferred to a second lender if the borrower decides to move from one lender to another?
Related Questions
- If the appraisal is ordered by the lender in a manner compliant with AIR, are there any specific requirements about how the payment for the appraisal is transferred to the lender?
- Can a lender collect from the borrower an appraisal fee of $200, listing the fee as such on the HUD-1, yet pay an independent appraiser $175 and collect the $25 difference?
- Does Section III require the lender to provide the borrower with the appraisal free of charge?
