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[OP]
Sr. Member
Apr 26, 2007
752 posts
119 upvotes

Property Appraisal

I recent paid for an appraisal for my property which was arranged by a mortgage broker. But the broker says he is not allowed to share the appraisal copy with me? Is that a redflag for me to go further with this broker for a mortgage?
Thank my post if it helped!
5 replies
Deal Addict
Dec 17, 2007
2619 posts
1594 upvotes
Alliston, ON
That's the way it is. The bank owns the appraisal even though you paid for it.
Deal Addict
User avatar
Nov 9, 2003
1468 posts
277 upvotes
Grimsby
Look on the bright side. If they approve your mortgage then they feel that if you default there is enough of a home there to get their money back after repossession.
Deal Guru
User avatar
Mar 23, 2008
13002 posts
9929 upvotes
Edmonton
When we did our appraisal through our mortgage broker (lender was ScotiaBank), we got a full copy of the appraisal, which was nice. This was in Alberta.

C
Member
Oct 5, 2016
219 posts
111 upvotes
When I did an appraisal about 6 months ago I didnt get a copy either but they did reimburse me for the appraisal, so that was good enough for me.
Deal Fanatic
Jul 4, 2004
8990 posts
1947 upvotes
fizzerd wrote: I recent paid for an appraisal for my property which was arranged by a mortgage broker. But the broker says he is not allowed to share the appraisal copy with me? Is that a redflag for me to go further with this broker for a mortgage?
If you decide to go with the mortgagor, ask to have the appraisal fee refunded as one of the other posters had suggested.
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