How Do You Get the Best Appraisal? And Who’s to Blame if it Comes in Low?

How Do You Get the Best Appraisal? And Who’s to Blame if it Comes in Low?

How to Get the Best Appraisal and Who to Blame for a Low Valuation. Mortgage companies and mortgage bankers actually have nothing to do with the appraisal process. Appraisals are typically handled through the title company and appraisers are often selected from a network of appraisers with which the title company is affiliated. They’re an unaffiliated third party. Often times, there’s confusion because the homeowner is informed about the cost of the appraisal by the mortgage company/banker, when actually there is no mutually beneficial relationship.

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How Do You Get the Best Appraisal? And Who’s to Blame if it Comes in Low?

How Do You Get the Best Appraisal? And Who’s to Blame if it Comes in Low?

How to Get the Best Appraisal and Who to Blame for a Low Valuation. Mortgage companies and mortgage bankers actually have nothing to do with the appraisal process. Appraisals are typically handled through the title company and appraisers are often selected from a network of appraisers with which the title company is affiliated. They’re an unaffiliated third party. Often times, there’s confusion because the homeowner is informed about the cost of the appraisal by the mortgage company/banker, when actually there is no mutually beneficial relationship.

Continue Reading