Banks Get 120-day Deferral on Appraisals I Seattle Real Estate Podcast

Banks are now allowed in some circumstances to have a 120-day deferral on appraisals.

Unfortunately, this deferral only applies to a very limited number of loans. Basically, loans that are already on banks books that are very minimal risk.

Lenders mandated by fannie/freddie, HUD, FHA or VA all still require an appraisal.

Daily Seattle Real Estate Podcast during the shutdown. Welcome to the Seattle Real Estate Podcast.

Join your host Sean Reynolds, your host of the Seattle Real Estate Podcast. Sean is the designated managing broker and owner of Summit Properties NW and I am a certified real estate appraiser and owner of Reynolds and Kline Appraisal.

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