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Updated almost 6 years ago on . Most recent reply

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Nicole Heasley Beitenman
#5 Medium-Term Rentals Contributor
  • Investor
  • Youngstown, OH
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Full charge for second appraisal just to look at handrail??

Nicole Heasley Beitenman
#5 Medium-Term Rentals Contributor
  • Investor
  • Youngstown, OH
Posted

Hi BP! 

My boyfriend is purchasing his first home with a VA loan through Veterans United. Appraisal was $525, and he gave them his account number as he was instructed so they could withdraw that amount. The VA appraiser's only gripe was a missing handrail. Sellers fixed it, and a second appraisal was ordered.

Another $525 was withdrawn from his account. He was told the appraiser was going to have to come back, but the financials of that were never discussed with him. I've been through this with FHA but not VA, and I don't recall being charged for a second full inspection when the FHA inspector requested repairs/improvements and went back to ensure they were completed. It seems outrageous that he would be charged full price just to look at a handrail. I'm also a little peeved that they didn't even have the courtesy to say, "Head's up, you're going to see another charge on your account, just FYI." I

s this normal? TIA!

  • Nicole Heasley Beitenman
  • Most Popular Reply

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    Chris Mason
    • Lender
    • California
    10,788
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    9,934
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    Chris Mason
    • Lender
    • California
    ModeratorReplied
    Originally posted by @Nicole Heasley Beitenman:

    @Chris Mason Working with VU has been miserable, and I tried to get him to switch, but he won't budge. He's gotten screwed more than once. Any suggestions on how to proceed? 

     Pay the fee and close, it's not worth screwing up a home purchase over $400. When you see the appraisal revision, typically page 2 will have the invoice from the appraiser. If the invoice doesn't match what you paid, take action after closing, after you have keys in-hand and no one can screw with that. 

  • Chris Mason
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