Myth vs Reality #7
January 19th, 2018 8:52 AM

Myth: Since you're the one paying for the appraisal when applying for your loan to purchase or refinance real estate, you own the provided appraisal report.

Reality: Legally, the report is owned by the lender unless the lender releases their interest in the document. However, consumers have to be given a copy of the document upon written request, through the Equal Credit Opportunity Act.

For all your Residential and Commercial Real Estate Appraisal needs please contact:
James M. Hanson Associates, Inc.
Phone: (609) 884-9185

Community Resource Links
Cape May Chamber of Commerce
Cape May County Chamber of Commerce
Avalon Chamber of Commerce
Atlantic City Chamber of Commerce

Posted in:General
Posted by James M. Hanson on January 19th, 2018 8:52 AMPost a Comment

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