Posted by TnNotary on 5/29/06 8:12am
Msg #122945

appraisal disclaimer

Lately I have been getting this for in the country wide package.
My question who signs this?

It has Countrwide Home Loans, Inc.

By:
Date:

Reply by Lee/AR on 5/29/06 8:17am
Msg #122948

Not real sure about your question or the form in question. Is this the disclosure form that says (m/l) 'no guarantee that your home will sell at the appraised price'? Read the form... it ought to be fairly obvious as to who is to sign this.

Reply by TnNotary on 5/29/06 8:32am
Msg #122950

If it was obvious I wouldn't have ask the question. I see why new notaries shouldn't ask questions on this form because most of the time they don't get an answer instead they get smart--- responses.

Reply by Joan_OH on 5/29/06 8:57am
Msg #122954

I've noticed this form too. Sometimes it comes signed, but usually not. I believe it is something countrywide signs and possibly attaches the appraisel after closing to mail to the borrowers. I just have the borrowers initial the bottom.

Joan-OH

Reply by TnNotary on 5/29/06 10:32am
Msg #122969

Thank you, that is what I thought but just wanted to confirm before I left today. The last time I left it blank. I need to check with them next time I get this form.

Reply by Sylvia_FL on 5/29/06 9:08am
Msg #122955

It looks to me like it is something Countrywide signs.
But, if you like you can fax it to me and I'll take a look at it for you.
My fax number is in my profile

Reply by TnNotary on 5/29/06 10:34am
Msg #122971

Sylvia,
I am faxing it now.
Thanks

Reply by Sylvia_FL on 5/29/06 10:51am
Msg #122973

Looks to me like Countrywide should be signing this, it is a statement from them that the appraisal was done by an independent professional appraiser and the lenders acceptance isn't an endorsement of the appraiser or the appraisers report and that the appraisal is not a guarantee of the value or condition of the property etc etc etc

It wouldn't hurt to do as Joan suggests and have them initial it to show that they have seen it.

Reply by TnNotary on 5/29/06 11:44am
Msg #122979

TY Sylvia and Joan.
Have great and safe Memorial Day!

Reply by CalimnCA on 5/29/06 2:05pm
Msg #122994

This form is signed by Countrywide, I would not have the borrowers initail anything because Countrywide is so picky about their signings (JMHO) Have a great day!