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530
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92
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Jon S.
  • Investor
  • Tampa, FL
92
Votes |
530
Posts

New 120 day delayed Appraisal Rule

Jon S.
  • Investor
  • Tampa, FL
Posted

Have you seen this? Banks that keep their mortgage loans in house can delay appraisal for 120 days after closing. What if appraisal comes in lower than the loan? Just wondering

https://www.housingwire.com/articles/banks-can-now-postpone-some-appraisals-until-120-days-after-a-mortgage-closes/

  • Jon S.
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