Thursday, May 26, 2011

Collateral Damage

My LO told me that the appraisal for my unit would be completed by Monday. It's now Thursday and STILL no appraisal.

Please upgrade the Threat Status from Blue to Green.

I'm not worried, yet.

As I mentioned before, the appraisal is the last step in completing the full underwriting file for a loan (the last 'C' in the CCC of underwriting). It should be noted that appraisals are historically late, so this shouldn't be a surprise to me.

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