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Do I need an appraisal for a loan mod?

by shellyd512 from Fort Morgan, District Of Columbia. Jan 29th 2018 Reply


William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

Everything that needs to be done, will be done by your lender.. typically, they will do an appraisal.. but sometimes, they will do a "Drive by".. and not a complete interior inspection. It's really up to the lender doing the loan mod.. However, if you are refinancing, then some files qualify for an appraisal waiver.. where no valuation report is necessary.. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

Jan 30th 2018
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