Jul
10
2010
In short sales and foreclosure properties, who pays for the appraisal?
Posted by Usual in Short Sales, tags: appraisal, Foreclosure, pays, Properties, Sales, ShortIn normal sales, usually the buyer pays for it and requests reimbursement from seller in escrow.
But for these short sales, when it’s really all in the bank’s hands, does buyer still pay for short sale or does the bank have their own people do it?
I dont want to pay for this appraisal, then if the house doesn’t appraise and we decide not to get it, I am stuck just wasting a couple hundred buckson that appraisal.

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