does anyone have an idea BOA orders an apprasial variance

file was approved. ready to go to the closing table.  BOA calls back the transaction because the apprasial is to old.  Now  BOA ordered a variance from HUD that was suppose to take 5 days and we are now at 10 days.  any ideas?

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Permalink Reply by Bryant Tutas on June 30, 2010 at 11:47am
It probably would have been quicker just to do another appraisal. Not sure why th y would choose to go for a variance instead. HUD is very slow.
Permalink Reply by Cynthia Robbins on June 30, 2010 at 11:57am
it was not my file. and not my call. I would have done the appraisal. it would have been done by now.
Permalink Reply by Bryant Tutas on June 30, 2010 at 12:04pm
Wonder if you could convince them to do one now?
Permalink Reply by Paola Martinsen on June 30, 2010 at 12:12pm
If you have a written approval I would escalate. If it was only "approved" by email or verbally I would push to get an appraisal or call HUD to escalate through them.

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