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does anyone have an idea BOA orders an apprasial variance

Posted by Cynthia Robbins on June 29, 2010 at 5:50am in Short Sale Discussions
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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Replies

  • Paola Martinsen 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.
  • Bryant Tutas June 30, 2010 at 12:04pm
    Wonder if you could convince them to do one now?
  • Cynthia Robbins 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.
  • Bryant Tutas 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.
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