How Long are Property Appraisals Valid? » Mortgage Masters Group

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A mortgage lender will rely on an appraisal report to determine whether the property you intend to buy constitutes sufficient collateral to secure.

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Appraisal Purposes You May Not Know Mortgage Masters Group How Long are property appraisals valid? Mortgage Masters Group. But many borrowers want to know how long the appraisal has until it expires and whether or not an appraisal can be re-used.. If you are a homeowner facing foreclosure and there has not been a proper assignment of mortgage.

A mortgage lender will rely on an appraisal report to determine whether the property you intend to buy constitutes sufficient collateral to secure.

Expiration dates on property appraisals exist to protect lenders from losing money in. lender knows the house has enough value to act as the collateral for the loan.. In the past, FHA appraisals were valid for up to 180 days.

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Our HECM counseling has just expired and we had to re-take a counseling. However, a month before the counseling expired, an appraisal of our house was ordered by our lender. Now, our reverse mortgage lender ordered another appraisal because he said that the month old appraisal cannot be used because we were just given a [.]

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