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Apprised by AidLand appraisals
FAQ
Q:
"CAN YOU CHECK COMPS FOR ME? I WANT TO KNOW IF I SHOULD ORDER AN APPRAISAL"
A:
Providing an opinion of value without full completion of the appraisal process MAY put the appraiser in violation of the Uniform Standards of Professional Appraisal Practice (USPAP) and the state laws? As a courtesy, we will research the subject property and determine what comparables may be appropriate for the property being researched and we will discuss with you these comparables so you will be able to decide on the risk of placing an appraisal order. The actual appraised value could be higher, lower, or similar to any data provided. Though we can discuss the probability of possible appraised values, we will not promise any value.
 
Q:
"CAN WE PAY FOR THE APPRAISAL AFTER ESCROW IS CLOSED?"
A:
We are the FEE APPRAISERS, the professionals who provide an opinion on the fair market value and receive a set fee in exchange. We do not provide our services on contingency basis. In another words, we do not agree to get paid only if the loan is closed. However, we can honor the extended payment terms up to 30 days. In such a case, the accounting fee in the amount of $30 will be applied to the total invoice amount.  
 
Q:
"WHAT IS THE CANCELLATION POLICY?"
A:
Any order can be cancelled without incurring any fees if it is cancelled not later than 12 hours prior to the scheduled inspection time. However, a “travel time” fee in the amount of $100 will be charged if:
-  the appraiser makes a trip to the subject property and is denied an access (for any reasons)
-  or the order is cancelled when the appraiser either is on his/her way to the subject property,  or is already at the site
 
Q:
"WHAT IS CVR?”
A:
The Collateral Valuation Report (CVR) is a desktop application program that is capable of valuing properties as accurately as a USPAP report, and can be delivered in about 24 hours. This report is designed to be completed by a certified appraiser who has local area knowledge of the neighborhood. CVR integrates public records, MLS, flood, imagery and other relevant data directly to the report. In addition, the appraiser can define the neighborhood and use the most sophisticated analytics available. Adjustments are supported, comparable sales and listings are ranked. CVR is the new standard in valuation and most supportable valuation solution. It can be used for any valuation service except for re-finance and loan origination which are governed by Fannie Mae and Freddie Mac and need to be used on their approved forms.  It is better than BPO and less expensive than URAR.
This report is ideal for:
·         Replacing BPO
·         HELOCS
·         Portfolio Analysis
·         Reviews
·         Litigation
 
 
 
 

 

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