Posts

We Accept Appraisals Transferred From Other Lenders

We have several lending sources that accept transferred appraisals (appraisals ordered by or prepared for other lenders). This is significant b/c for years no lender would accept another lender’s appraisal, especially since HVCC guidelines went into place. Not having to order a new appraisal for a borrower seeking JVM’s superior rates, service or loan programs […]Read More

Appraised Value Is Not Market Value; Solution?

We have a transaction in which two buyers (both are clients of ours) are more than willing to pay $1.2 million for a property in Oakland with an appraised value of only $950,000. There are probably more buyers in the wings willing to pay a similar price. The appraisal came in so low b/c of […]Read More