TERMS OF SERVICE
Your request for our appraisal service, and our subsequent
acceptance, constitute an agreement by both parties to
the following:
1. |
A
written appraisal using the standard requested form
format for the purpose of estimating Market Value. |
2. |
One
original report with original photographs & signatures
complete with data, assumptions, definitions, calculations
and opinions in support of the final value conclusion.
(delivered by e-mail in PDF format) |
3. |
Each
accepted appraisal assignment assumes that the lender/client
has read, understands, and agrees to the Statement
of Limiting Conditions and Appraiser's Certification
(attached to each report on FNMA Form 1004B); and to
the standard definition of market value (also on form
1004B). |
Accelerated Appraisal shall make every effort to complete
the assignment within a reasonable and competitive time frame.
However, if a specific time frame is needed please advise
us
of that at the time the appraisal assignment is placed. If
the time frame you request is not practical or feasible for
us, we will advise you of that prior to accepting the assignment.
We take pride in providing a high quality of service however
unforeseen delays may occur that are beyond the control of
the appraiser. They may include: incomplete information provided
at the time of assignment, slow responses by contacts for
verification of market data, severe weather conditions, or
missed appointments
by the person with whom the inspection appointment was set.
Accelerated Appraisal will communicate any such delays to
the client promptly.
CREDIT TERMS:
Our Credit terms are as follows: Due upon receipt of report
with maximum grace period of 45 days. Payment received after
the 45 day grace period will be assessed a $25 Late fee plus
a 18% per annum applied monthly at 1.5% on any unpaid balance.
If Collection becomes necessary on delinquent accounts, the
cost of collection (including attorney's fees and/or collection
agency fees) is the responsibility of the client and will
be added to the outstanding balance due. The Authorized Individual
of this Engagement Agreement is personally responsible for
all fees, late fees and collection agency fees. Any check
issued
which is returned to Accelerated Appraisal unpaid or marked
NSF shall be charged an additional $25 “NSF” fee.
NO CONTINGENT PAYMENTS:
Payment is not contingent upon closing of a mortgage loan
or the closing of any real estate transaction. Payment is
due
upon the completion of the assignment.
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