WebbAppraisers must start to enforce Fannie Mae’s CU procedures before completing an absurd reconsideration of value. In addition, the appraiser should be compensated for his/her … WebbThe Tidewater Initiative started in 2003 and was last updated in a VA Circular in July 2024. If the appraisal comes back short, the Tidewater process allows the appraiser to review …
Tidewater Initiative Process Explained When VA Appraisal …
WebbThe VA's Tidewater process exists to combat low VA appraisals by allowing the appraiser to request additional comps and market data to support the sale price before finalizing the VA appraisal. The Tidewater policy is typically faster than an official reconsideration of … WebbWhat is Tidewater?Are you a veteran and are wondering, what is Tidewater? Are you a realtor who was just told Tidewater has been initiated and you don't know... feininger the church
VA Loan Came back as Tidewater : r/RealEstate - reddit.com
Webb22 nov. 2024 · Appraisal is ordered by the bank. Appraiser calls to schedule the appraisal (1-7 days later). Appraiser visits the home (1-7 days later). Appraiser submits the report (1-7 days later). Review process is complete and appraisal report is submitted to the lender (1-7 days later). Webb8 jan. 2024 · The VA has a unique set of protocols, known as the Tidewater Initiative, that a VA appraiser must follow when he or she expects the appraised value of a property is going to be lower than its contract price.. This program, often known simply as “Tidewater,” initiated in—you guessed it—the Tidewater area of Virginia (i.e., the Norfolk, Chesapeake, … Webb22 okt. 2024 · This is called tidewater. What is Tidewater? If the VA appraiser believes that the actual home value will be lower than the listing price, they will invoke tidewater. This … define wotcha