Apr
18

Why it’s Good to be Apprised of Where Appraisal Fees Go

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This is an interesting article in The Washington Post on a hot topic in the banking and appraisal worlds – Customary and Reasonable Appraisal Fees. If you are a lender, you are responsible for the actions of your appraisal management company (AMC), if you are using one. To give you a local perspective, the Veterans Administration appraisal fee for Columbia, SC is $375 for a single family residence. I have seen national AMCs send appraisal orders at fees of $180 to $210.

You get what you pay for……

LINK TO ARTICLE HERE

Categories : Appraisal News

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