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 Repairs required before loan can close
Posted by Julie Richardson on 7/26/16 8:15pm

I am also a Realtor. I have seen a similar issue, because it was mentioned in the appraisal. The lender required the appraiser go back out to make sure the repossessed completed. Very common with an FHA loan. If a property doesn't have a carbon monoxide detector installed, the appraiser has had to go back and take a picture of the installed carbon monoxide detector. Buyer charged a $125 reinspection fee. The HARP refinanced often didn't require an appraisal but standard refinances normally do.
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