Does 1004D appraiser assume liability for underlying report?

[shrubberyvaluation]

You shouldn't be if you make the scope of work clear. In reality a lawyer can blanket you in a lawsuit.

 

[Steve Pendleton]

You can try. No good deed goes unpunished.

You are not incorrect in your observations, it is just not their objective.

UWM?

No,not UMW.

 

[Steve Pendleton]

I personally do not see why someone completing a 1004 D for a specific item repaired or installed has any liability beyond that one item -

In a sane world that’s true. I’m trying to navigate this world.

 

[Steve Pendleton]

A 1004d is not an appraisal. A monkey can do it. It is a specific item repair requested. You over stepped. Did they ask you for a home inspection, or to review the inspection. I would never do a 1004d for another appraiser done. You do need to state that you were not involved in the previous appraisal. Now you have learned why, it's an existental threat.

If i'm the lender, i'm saying wha da to your over stepped 1004d, and checking you off my list. Worth doing soneone's appraisal 1004d.

I was taught to reinspect the whole house and submit all new photos.

 

[shrubberyvaluation]

I was taught to reinspect the whole house and submit all new photos.

If that is your scope of work.

 

[PushinValue]

Lenders I work for want the statement “property meets mps per 4000.1

I won’t do 1004ds on another persons FHA report for this reason

 

[Tom D]

I personally do not see why someone completing a 1004 D for a specific item repaired or installed has any liability beyond that one item -

When an FHA report is submitted subject to repair(s), it is assumed that when those specific repairs are satisfactorily completed that the property will meet the minimum FHA standards.

I have revised my opinion from my last previous comment. If you only state that the following specific repairs were completed, you are safe. End of being the deficiency police. Well, unless it is something obviously bad.
However if you also put in property will meet the minimum FHA standards, you have now opened yourself up to any missed deficiency.

 

[Zoe]

FHA is your client also. You need to call HUD and ask them what to do. Don't listen to the lender.

Document it all in your workfile and a revised 1004D. Name of FHA representative, etc. etc.

 

[Zoe]

Today getting email from the FHA representative might be better option and include copy in revised 1004D. Might be easier.

If lender emailed you too, you could include that email in revised 1004d also. I know where you are at.

 

[Tom D]

They didn't ask you to inspect the property in your scope of work. The asked you to inspect specific repair items, which is not an appraisal. However, this is why most of us don't do other appraiser's repair list. Personally, I would tell the lender to use another appraiser, no charge for my report. Is that better than losing this lender at this point in time of being dead.

We're talking about how much of a fee to do this argument and lose the client. Stop thinking like i'm totally right, and you the client must obey me. They can always get someone else and not pay you anyway. This is not the hill to die on, it's a bump.