MND Q&A

Does purchaser have right to see creditor's appraisals on short sale house?

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Before creditor determines if they will go through short sale process, they have appraisals on the property performed. Does the purchaser have the right to see the creditor’s appraisals?


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2 answers
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The creditors appraisal is usually a BPO brokers price opinion.

Purchaser & seller for that matter are not given a look at the VALUE.

The creditor uses the information/value to calculate the suggested price that they can accept for property.

The Super Broker-Las Vegas NV

Answered 9 months ago
Robert Garcia
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The short answer is “no.” Appraisals and appraisal substitutes protect the lender, not the borrower/buyer, unless the buyer pays for it. You have a right to a copy of an appraisal that you pay for.

Answered 9 months ago
Andrea Lee Negroni
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