What is an appraisal reconsideration?
An appraisal reconsideration is a request to review the appraisal due to potential errors or missing information. Borrowers may submit additional data, and lenders evaluate whether a reconsideration is appropriate under Freddie Mac guidelines.
Related FAQs
- Can an appraisal expire?
- Why do lenders review property photos in an appraisal?
- What is a comparable sale in an appraisal?
- Why do appraisers adjust comparable sales?
- Why do lenders require an appraisal?
- What is a property inspection waiver?
- Can appraisal waivers be used?
- Can borrowers dispute an appraisal?
- What happens if a property does not appraise high enough?
- Are appraisals required for Freddie Mac loans?