Very few if any lenders in today's market place will allow the borrower to order the appraisal and banks don't allow it because its not legal for them to allow clients to do that.you can have your own appraisal and most of us that are in the business may look at it for reference but we will order our own.The main reason Account Closed is that as a lender you want to be the client who the appraiser is working for.. so you have protection vis a vi their E&O insurance.If you accept an appraisal that the borrower ordered and paid for and they are the named client then you have no recourse at all against that appraisal if there was errors or omission claim  But JJ makes a good point for sure

Therese V. I

The whole VI region is actually very interesting - I'd definitely keep an eye on that area.Anyway, if you would like to talk a little more, please feel free to contact me either via e-mail ([email protected]) or Skype (avdessauer).And let me know if you when you come to Chile, I would be happy to show you around!

Hi @Mario V. I

@Andy V. I

@Therese V. I

@Ned Carey   I do believe there is a big disconnect between market vis a vi west coast and mid west and the bigger east coast and rust belt towns.One you will see little trading of RE that is not on the MLS..

But I was born and raised there so it was just natural to invest were you live.. and of course any of us who bought Bay Area RE in the late 70S and 80's there is no denying it was one of the top 5 places in the US to invest vis a vi appreciation. 

@Vi K. 

You should take what Vi K. said above, but also ask anyone you are considering hiring a few more questions.