Replies to This Discussion

Permalink Reply by Robin M. Willis on December 23, 2010 at 8:17am

My experience has been that the answer to this is, "No".  The appraisal is for the PFS sale only, although it would make logical sense to be able to use it for your FHA buyer.  The bank that was short selling in my situation was BofA so if you are working with a different bank you may want to at least ask.  They will give you a copy of the appraisal if you ask for it.

Permalink Reply by Kent Dills on December 23, 2010 at 8:22am

Jim, I've never had the opportunity to represent a buyer on a short sale (lots of sellers though!), but your logic makes sense and I think this is definitely a question worth asking! 

Permalink Reply by Jim Schneider on December 23, 2010 at 8:22am

Robin, If I recall correctly yours was BofA, FHA, and dual agency. Did you ever get paid for that one? I'm in the same boat BofA, FHA, possible dual agency.

Robin Willis said:

My experience has been that the answer to this is, "No".  The appraisal is for the PFS sale only, although it would make logical sense to be able to use it for your FHA buyer.  The bank that was short selling in my situation was BofA so if you are working with a different bank you may want to at least ask.  They will give you a copy of the appraisal if you ask for it.

Permalink Reply by Robin M. Willis on January 19, 2011 at 7:02am

Jim,

You have an excellent memory.  I had to refer that buyer out.  Was a shame, too, because the agent that she ended up using did not represent her well.  Next time I will insist it goes to an agent I am familiar with.  You can refer it to someone else within your brokerage and they don't have any control over whether or not you get a referral fee.