Real Estate Law
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A different appraisal is often required because some lenders are concerned with more than just property value. For example, they may also want the appraisers to look for things like handrails on steps, broken windows, lack of screens, evidence of rodent infestation and other issues that don’t affect a VA appraisal to the same degree.
I did not just dream the answer up.
A different Professional here. I used to handle mortgage closings for lenders.
I am not sure why another appraisal is being requested if the first Appraiser was approved by the lender. The first appraisal is sufficient if it is done within 30 days of the closing. No additional appraisal is required. Whether or not the loan is VA or not VA loan, only one appraisal is necessary.
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