Quote:
Originally Posted by ETex2
It's up to your new lender as to whether or not they will accept the original appraisal. The appraiser cannot re-address the report however the appraiser can do a new appraisal and it's up to him/her what the new fee will be. And it's not the appraiser's fault that you changed lenders, yet you don't want them to get paid?
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The buyer does not have control of payment to the appraiser.
Even if the buyer cancels his check to the bank or contests his credit card, it doesn't mean the appraiser won't get paid. The bank is responsible for the payment, not the applicant. If he didn't pay for the appraisal, the bank does not have to provide a copy to the borrower. If he didn't pay for the appraisal, the bank must pay the appraiser.
And for what it's worth, I don't know of any bank or lender that is accepting an appraisal assignment - they cannot certify it meets AI regulations, so even if one appraisal had been done, a second fee would be quite likely. The only exception to this is on VA or FHA loans, where the case number is transferred.
This sounds like the order was canceled before the appraiser even got the job rolling.