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Your request for our appraisal service, and our
subsequent acceptance, constitute an agreement by both parties to the following:
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1. |
A
written appraisal using the standard requested form format for the purpose of
estimating Market Value. |
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2. |
One original
report with original photographs & signatures complete with data,
assumptions, definitions, calculations and opinions in support of the final
value conclusion. (delivered by e-mail in PDF format) |
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3. |
Each accepted
appraisal assignment assumes that the lender/client has read, understands, and
agrees to the Statement of Limiting Conditions and Appraiser's Certification
(attached to each report on FNMA Form 1004B); and to the standard definition of
market value (also on form 1004B). |
AppraisalPro shall make every effort to complete the
assignment within a reasonable and competitive time frame. However, if a
specific time frame is needed please advise us of that at the time the appraisal
assignment is placed. If the time frame you request is not practical or feasible
for us, we will advise you of that prior to accepting the assignment. We take
pride in providing a high quality of service however unforeseen delays may occur
that are beyond the control of the appraiser. They may include: incomplete
information provided at the time of assignment, slow responses by contacts for
verification of market data, severe weather conditions, or missed appointments
by the person with whom the inspection appointment was set. AppraisalPro will communicate any such delays to the client promptly.
CREDIT TERMS:
Our Credit terms are as follows: Due
upon receipt of report with maximum grace period of 60 days. Payment received
after the 60 day grace period will be assessed a 24% per annum (2% monthly) on any unpaid balance. If Collection becomes
necessary on delinquent accounts, the cost of collection (including attorney's
fees and/or collection agency fees) is the responsibility of the client and will
be added to the outstanding balance due. The Authorized Individual of this
Engagement Agreement is personally responsible for all fees, late fees and
collection agency fees. Any check issued which is returned to AppraisalPro unpaid or marked NSF shall be charged an additional $25 “NSF” fee.
NO CONTINGENT PAYMENTS:
Payment is not contingent
upon closing of a mortgage loan or the closing of any real estate transaction.
Payment is also not contingent upon obtaining a certain value. Payment is due upon the completion of the assignment.
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PAYMENT METHOD All Appraisals are
C.O.D. or Credit Card Online unless prior billing arrangements have been made.
(if BILL LENDER:
lender agrees to pay for appraisal within thirty (30) of receipt of appraisal,
and will pay for appraisal if loan does not close/fund. Lender further agrees
that payments after 70 days will include a $25 late fee and understands that all
nonpayments will be forwarded to collections and/or small claims court). |
All appraisal requests are final once the assignment to the appraiser has been made. There are no refunds or discounts once service has been rendered. We cannot accept contingent assignments. If an appraisal order states an estimated value, we will pass that information on to the appraiser, however, the appraiser is in no way obliged to obtain that value.
Please do not put "must get xxxx value" on your order request, as this is a violation of Appraisal Board rules and would place the appraiser in an un-ethical situation. An estimated value may be placed on the report.
The appraiser will , through due diligence and the study of the market, determine the market value of the property as indicated by the market.
Our appraisers are trained to find the best value the market will support for any given property. |
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Concern
