ALTRA will accept transferred appraisals under the following conditions:
- Transfer to BM Real Estate Services, Inc.
- Appraisal must be no more than 60 days old
- Older than 60 days may be subject to a recertification of value
- Appraisal must have AIR Compliance Certificate from Appraiser
- Property cannot have a rating of C5 or C6 or a quality rating of Q6
- If Fix & Flip, must have both "As-Is" and "As-Repaired" values, and Rehab Budget AMOUNT used must be listed and match AMOUNT on loan request
- No Transfers allowed for Fix & Flip Recap/Refinance