What counts as a lender’s appraisal?

[Lynne MacFarlane]

We are in escrow and we paid our mortgage lender for an appraisal but the appraisal had no analysis, only photos, this doesn’t offer any information, only a subjective visual report, correct? The mortgage lender said they want several things fixed but the seller has said this is an as-is sale. I have requested more than pictures from this appraisal but they are dragging their feet, the lender says they will get the full report over as soon as this appraiser send it. *Are Images the only thing that mortgage lenders base their approval? This is making me upset, because not only do I feel ripped off from having to pay for that report but now the 2nd lender wants to see it.

[Wayne Brooks]

Sounds like there are repairs that need to be made to meet lending/fannie guidelines?  If so, yeah you'd need fix them yourself at this point, as I guess your inspection period is over...you could try to negotiate with the seller.

As for the appraisal, a "second lender" will usually have to order their own appraisal.