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 California Residential Home Appraisal Company

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               2 DAY APPRAISAL FEE MATRIX

Turn time based upon the current estimated time in this re-finance market, each individual order may be a few days more or less depending upon how soon we are able to get into the property. 

Non-Owner Occupied Properties

Single Family income property = non-owner** fee is $225. plus "normal" appraisal costs.

**NON-OWNER INCOME PROPERTY APPRAISAL = URAR,   + 216 Operating Income Statement & Rental survey. 216 & Rental included with non owner SFR, ordered after inspection of home, fee $275.

RECERT=Re-Assignment:

 without comps $225. Drive-by of subject & form 1004D

This is a minimum scope of work per the 1004D form, driving by the property, running new MLS to see if the value has not declined. 

RE-TYPE -[RE-ASSIGNMENT] TO A NEW LENDER we inspected the home in 30 days or less

There is per USPAP no such thing as a re-assignment or re-type, that most lenders are requesting. 

USPAP AO-3  AO-26 & AO-27

WHAT WE CAN DO....per state of California OREA & USPAP

Accept a new assignment for the same home, in the scope of work, we may or may not need to re-see the subject, a new exterior photos will be the minimum.  $225. is the fee, drive-by & add form 1004D. This is only good if the home was inspected in the last 30 days.  Beyond 30 days, is a new appraisal, new inspection, new photos, new comps.

*CREDIT CARD  policy information

PAYMENT BY CREDIT CARD

We accept only MASTERCARD & VISA

RFC Credit Policy

Please take a moment to read our policy for payment of appraisal order.

We will be calling your borrower in the next 24 hours, please let them know we "MAY" be asking for a CREDIT CARD to secure this order & appointment time. This is normally true if the home is located in an rural style area, where the appraiser may have a longer drive to visit the home.

This letter will explain our CREDIT POLICY for all Appraisal Reports.

1]       We are a COD company.  We collect COD at time of inspection for all appraisal orders.

2]       Will RFC Invoice Escrow for us?   SIMPLE ANSWER IS YES:  

We may extend a  “15 day COD” by way of collecting  a CREDIT CARD number, held as security, while our office waits for the closing escrow check.  The end of this 15 day grace period the credit card transaction completed & settled.

ORDERS REQUESTED     INVOICE     BILL US     PAYMENT AT COE

You will get a FAX &  E-mail form GOP to fill out:  Return this form to our office today.    You will receive a Guarantee of Payment form  “GOP”.   This is a two page letter, please fill in the credit card you wish to secure this order with and FAX back to our office.   We will NOT be going to the home without this form from YOU for any order that is INVOICE ESCROW.    You can secure the appointment with YOUR company credit card or your credit card, or if you have your borrowers credit card, fill in the GOP and return to our office via FAX. 

 IMPORTANT NOTE FROM VISA & MASTERCARD POLICY:  The 15 day COD  credit card you give us,  to make sure the credit card is VALID, we do run a “CAPATURE” transaction.  The “capture charge” will not be completed if we receive payment from escrow within the 15 days. It will automatically drop from the credit card company without ever being applied to your account, this is a service provided by the MasterCard & Visa Card companies to see if the card is VALID.   The caution note: This is for a real credit card, if the Visa or Master is a DEBIT CHECK CARD,  when we apply for a VALID card “capture” but not settled transaction, it will take the funds from your checking account and hold them for 30 days.  To use the credit card policy, you should tell your borrowers to use a real credit card, not a debit check card, to avoid any holding of money from their checking account for 30 days. 

Remember all orders are COD

We appreciate your business, we need to continue and be able to pay our group for work completed.  We trust your understanding of our credit policy to help us reduce our collections.  Thank you again for this order

 Question?  you may call our office for more details, thank you.

RFC REFUND POLICY FOR ALL REPORT

CANCEL WITHIN 72 HOURS OF APPOINTMENT:  Payment received by credit card, the borrower cancels the order, the borrower will receive one half of the total fee collected as his total amount due of the money back as a refund. This charge of half our fee will cover the cost of file prep, MLS & other related costs associated with preparation of the appraisal file. 

 SAME DAY CANCEL OR CANCEL AT THE DOOR: We have made available  a  time slot  for the borrowers appointment and the appointment is cancel for any reason the same day of our appointment or cancel at the door for any reason,  the full fee has been earned and NO REFUND is due to the borrower.   We can make a new appointment with payment of a trip charge paid or in the case of cancel with no intention of a new appointment, again no refund is due our full fee has been earned.  This statement is made to comply with current Visa & MasterCard refund policy as for notice given in public view of RFC Group credit card policy on refund. 

Full Refund less the service fee shown charged by the credit card processing agency, usually less than $25.  is available only if cancel within 24 hours of payment accepted by RFC Group [normally the day we call for the appointment] or cancel by borrower or lender for what ever reason, within 72 hours of the appointment.   ALL Cancel shall be in writing to RFC office by fax 888-727-0136.   Disputes from borrowers after the completion of the report for a refund due to home value not obtained or the lenders did not fund their loan for what ever the reason, shall not be grounds for any refund when paid by credit card.  This refund policy is final. NO REFUND OF ANY TYPE ONCE THE APPOINTMENT AND OR  INSPECTION OF THE PROPERTY IS COMPLETED. PERIOD. 

We will make an attempt to cover this policy with each credit card payee, our only duty is to make this public policy, as posted on this web page with our fees to our clients.  It is intended for the lender to read & inform the borrower if a dispute should arise the lender may refund any money to the borrower.

 We trust this will explain our policy on credit cards.

Thank you    2 DAY APPRAISAL GROUP