CAR what you are saying makes sense but how then does anyone know the difference. Two homes with similar layouts, and square footage, sell and one had concessions spelled out in the contract and one did not then how does the appraiser know?
Wouldn’t that lead to an appraisal that was incorrect?
BTW I do agree that the way it works now with the contract being viewed by the appraiser is not something I agree with either. Don’t get me wrong there needs to be a better way. Also lets not forget the appraiser doesn’t know of any of the loan mods in the area as well, (to me this is more damaging then having the contract) so what can you do.
What also sucks is that some appraisers do not even check on the condition of the comps that they use. Some do call the agents for those closed sales and some do not.
Anyways, lots wrong with the way it was done, and I don’t agree with them seeing the contract but I am telling you what they have told me.
