External locus of control. The person who has external locus of control is the opposite of the one who has internal locus of control. That person believes that the whole world is plotting against him, that luck exists and that life is unfair.
FHA loan rules do not permit the re-use of an appraisal once the loan has closed. According to FHA.gov, âFor example, an appraisal used for the purchase of a property cannot be used again for a subsequent refinance, even if the appraisal is within the 120 day validity period. A new appraisal is required for each refinance transaction requiring an appraisal.â.
Buyer number 2 is set to close on Feb 15th. Since Feb 15th is within 120 days of the date the FHA appraiser inspected the property for buyer number 1âs appraisal order buyer number 2 will need to use buyer number 1âs FHA appraisal (and its appraised value) and cannot order a new appraisal.nder FHA guidelines buyer number 2 and their lender technically have the option to request to extend the appraisal validity period from 120 days to 150 days so that buyer number 2 could still use the original appraisal beyond the 120 validity period if they wanted to.