OOS Appraisal with tenant?
Hi All
I am trying to do a cashout refinance on a property and was looking for a drive by appraisal. All of the places i called said that is not possible according to fannie/freddie... unless somehow the system generated a waiver, which is rare
I live oos and use a pm company. I am concerned about the tenant and appraiser communicating/agreeing on a day/time and the tenant not wanting a person in their home with covid. The tenant is great - has lived there awhile and pays on time. I dont not know them with having a pm company, but assume they wouldnt be thrilled about this.
Any suggestions on how you would handle? I was thinking of giving the tenant a $100 credit for the month since they are taking time with the appraiser (especially during covid). how have you typically handled oos appraisals with a tenant living there
thanks