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- August 24, 2011 at 6:23 pm #229797
Hello, and good day! Anyone got answers to both or either?
1. Someone wishes to tell their portion of a two-unit TIC. Obviously this buyer’s lender will send an appraiser. So does the entire building get appraised or simply just the unit for sale (or both)? And is there a way to influence this, say, especially if the unit for sale is so much nicer?
2. Lender sends a poorly informed appraiser with lack of attention to detail and appraiser makes several mistakes that inform either an over-appraisal or under-appraisal of value. The client of the lender pushes back on appraisal with a fully documented list of what is wrong with it. The lender refuses to order a second appraisal or adjust the value. If the aggrieved party (buyer) suffers damages as a result, is it the lender or the appraiser at fault?
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