Did you know that VA has a process called “Tidewater” where the VA appraiser contacts the lender IF the value of the property is below the sales price? This gives the lender 2 full days to provide additional information to the appraisal.
Related Article Title: VA – Appraisals – Tidewater Process: What is the “Tidewater Process” for VA Loans? Answer: VA has a process called “Tidewater” where a VA appraiser contacts the appraisal requester prior to issuing the appraisal, when the value is going to be below the sales price. The appraiser is supposed to give the […]