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Reply to "Long refi - 2 appraisals "
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[quote=Anonymous]We are in the process of a refi for our house. Credit is perfect, loan is less than 80% of home value, always paid on time, etc. The refi process has been going on since October which seems excessive. After having one appraisal completed, the lender requested a second stating it was common practice for waterfront properties. I have bought, sold and refi'd many homes and have never been asked for two appraisals (we are not paying for the second appraisal). Has anyone had this requested before? If not, is there a scam here that I am not aware of?[/quote]
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