From: v.viverrid@verizon.net (v)
Newsgroups: misc.consumers.house
Subject: Re: Refinance & appraisal issue
Date: Mon, 17 Nov 2003 23:05:57 GMT

On 17 Nov 2003 07:13:49 -0800, someone wrote:

>Call the broker and try to get one.
>or
>Call the appraiser and have the appraiser contact the broker to obtain
>permission to release the appraisal to you. You have paid for it, it's
>yours!

NO, it does NOT "belong" to the borrower.  The 1st broker is the
client of the appraiser.  That is the party to whom the appraiser is
professionally liable for his advice (opinion of value).  Just because
the broker insists that the borrower reimburse him for certain
orgination costs, doesn't mean things now "belong" to the borrower.
BUT, the consumer protection laws likely do allow you to get a copy.
BUT BUT you are still not where you want to go, see below:


>The new broker will call the appraiser to have it changed into their
>name and out of the old brokers name.
>
BULL F'N SHIT.  See the part about who the appraiser is on the hook
to, who the appraiser is professionally liable to.  The 1st broker.
Are you that naive?  The appraiser is just gonna "change the name"?
HA!  You might as well try this with surveyors too.  Try calling the
previous surveyor and asking him to just "change the name" and send it
to you again.

The new lender needs a new appraisal, from one of their approved
appraisers, made out to THEM.  Maybe but not likely you can get $50
off from the same appraiser being that they just did it, but these are
the gravy jobs for an appraiser, why would they "just" change the name
and not get the fee?  Why do you think there is an appraisal anyway?
Why would a prudent lender rely on an appraisal made to someone else,
where they have no recourse against the appraiser?

I tink you are very naive.  Are you telling me that you have been able
to do this, just get appraisers, surveyors, etc. to "change the
name"????

-v.