Home Buying in Wallkill>Question Details

Lauren, Home Buyer in New York, NY

What takes so long in finding out the outcome for a VA appraisel on a home. We found out the VA agent appraised it 2 weeks ago, so now what? Thanks

Asked by Lauren, New York, NY Wed Sep 9, 2009

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Voices Member’s answer
In short you should have been told in four to five days. Could very well be that the lender did not order the appraisal because when an appraiser has accepted a work order they are given a time limit to submit it to the lender unless they ask for an extension because of the lack of comparables or something more valid.

You have every right to question the lender because you are paying for the appraisal so get on the phone and do not accept anything other than a copy of the appriasal which would be coming from a valuation service. Ask the lender for the name of this company and who they spoke to when it was ordered. In this case you are their client and they are legally obligated to give you the answer.

Your agent does not have the authority to do this on your behalf but he/she can pressure the lender to call you.

I'd really like to know what the response was.
0 votes Thank Flag Link Thu Sep 10, 2009
With respect, you are dealing with a Federal Government Agency.

You are also dealing with Appraisers, who must now be very methodical and very careful in determining an Opinion of Value.

Finally, you are dealing with Lenders, who are meticulously detailed about every aspect of the Real Estate Transaction these days.

Contact your Agent and or your Lender, and ask them to turn up the heat a little. Maybe a phone call or two might get things moving along.

Best wishes,
Fred Griffin
0 votes Thank Flag Link Wed Sep 9, 2009
Did you ask your lender why it is taking so long? Typically should not take more than 3-5 days for a VA appraisal to get back to the lender unless there is an issue with price, etc. Good luck!
0 votes Thank Flag Link Wed Sep 9, 2009
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