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Will VA reimburse for the additional appraisal?

Published 08/10/2012 12:52 PM   |    Updated 08/10/2012 01:12 PM

VA states that if a mortgage servicer learns of property damage after obtaining the appraisal but before the completion of the foreclosure sale, we need to contact the appraiser to obtain an updated appraisal report that considers the damage and update the net value. Will VA reimburse us for the additional appraisal?

Yes. This is entered on your claim as an "appraisal update" expense.