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Sr. Mints · 01-21-2011, 07:37 PM

When I bought my condo last August, I got an email several months later from my mortgage broker saying I owed ING a couple hundred dollars (I forget the exact amount) for an appraisal, which was, apparently, just a drive-by. Is that common? Also, are appraisals on new condos even necessary?

Also, would you recommend having the condo documents reviewed professionally on a newly built condo? I did, but if I recall correctly, it was a condition by my mortgage broker. I wasn't going to otherwise.

Oh, and I wish I saw this thread when I was in the market. I was LOST!

01-21-2011, 07:37 PM	#5
Sr. Mints First Line Centre Join Date: Jul 2010 Exp:	When I bought my condo last August, I got an email several months later from my mortgage broker saying I owed ING a couple hundred dollars (I forget the exact amount) for an appraisal, which was, apparently, just a drive-by. Is that common? Also, are appraisals on new condos even necessary? Also, would you recommend having the condo documents reviewed professionally on a newly built condo? I did, but if I recall correctly, it was a condition by my mortgage broker. I wasn't going to otherwise. Oh, and I wish I saw this thread when I was in the market. I was LOST! Last edited by Sr. Mints; 01-21-2011 at 07:42 PM.