Real Estate Appraisal Forum

appraisersforum.com logo
The Premiere Online Community for Real Estate Appraisers!
 Fastest Way to Find a Real Estate Appraiser Enter Zip Code:
 
 
Go Back   Appraisers Forum > Real Estate Appraisal Forums > FHA/HUD and VA
Register Help Our Rules Calendar Archives Mark Forums Read


Closed Thread
 
Thread Tools
  #1  
Old 06-26-2008, 06:39 PM
WICRA16 WICRA16 is offline
 
Join Date: Sep 2005
State: Wisconsin
Professional Status: Certified Residential Appraiser
Posts: 37
Default Private Well Inside House?

Ok, I did an FHA inspection. Well head is located inside the house on the main floor (home has crawl space). I flagged this and now lender is FREAKIN!! I reviewed regs and it says little to nothing about this type of issue other than a well can be within foundation walls if adequate water egress is available. This is not the case. If this well backs up or floods, significant damage will occur to the interior of the home.

Anybody ever deal with anything like this?
Sponsored Links

  #2  
Old 06-26-2008, 06:50 PM
Mr Rex's Avatar
Mr Rex Mr Rex is online now
 
Join Date: Jan 2004
Location: X Marks the spot
State: North Carolina
Professional Status: Certified Residential Appraiser
Posts: 25,698
Default

5. Is a well located in the basement okay? If not allowed by FHA, what if local laws permit it?
An existing property, which is serviced by a well located within the foundations walls of the dwelling, is acceptable as security for FHA-insured financing only when the local jurisdiction recognizes and permits such a location. A well located within the foundation walls of new construction is not acceptable except in arctic or sub-arctic regions.
  #3  
Old 06-26-2008, 07:32 PM
RSW's Avatar
RSW RSW is offline
 
Join Date: Feb 2002
State: Tennessee
Professional Status: Certified Residential Appraiser
Posts: 7,731
Default

Quote:
Originally Posted by Mr Rex View Post
5. Is a well located in the basement okay? If not allowed by FHA, what if local laws permit it?
An existing property, which is serviced by a well located within the foundations walls of the dwelling, is acceptable as security for FHA-insured financing only when the local jurisdiction recognizes and permits such a location. A well located within the foundation walls of new construction is not acceptable except in arctic or sub-arctic regions.

Don't think we have to worry about that around here!

Rex is correct!
  #4  
Old 06-26-2008, 07:38 PM
WICRA16 WICRA16 is offline
 
Join Date: Sep 2005
State: Wisconsin
Professional Status: Certified Residential Appraiser
Posts: 37
Default

Local building codes have nothing to say about the wells, but DNR does have requirements that wells need to be outside. Is this enough to satisfy the "local laws" criteria?
  #5  
Old 06-26-2008, 09:01 PM
Farm Gal's Avatar
Farm Gal Farm Gal is offline
 
Join Date: Jan 2002
Location: Currently: Midwest
State: Nebraska
Professional Status: Licensed Appraiser
Posts: 10,076
Default

Joel- Is the well inaccesible from the house interior (located ONLY in the crawl space) or does it have access from the main level?

You said 'well-head' - does this mean that the well provides the primary source of water for the residence?

Lastly define the concern with 'adequate water egress' - does this well have a habit of going artesian?

If not, has it ever floodded the house?!?!? Noting the atypical condition, and moving on may be sufficent.

Did more than one FHA interior wells over the years - none recently.
__________________
Live in such a way that you would not be ashamed to sell your parrot to the town gossip ~Will Rogers
  #6  
Old 06-27-2008, 06:57 AM
Don Clark's Avatar
Don Clark Don Clark is online now
 
Join Date: Jan 2002
Location: Virginia Beach, Virginia
State: Virginia
Professional Status: Certified Residential Appraiser
Posts: 8,800
Default

Quote:
Originally Posted by Lee Ann View Post
Joel- Is the well inaccesible from the house interior (located ONLY in the crawl space) or does it have access from the main level?

You said 'well-head' - does this mean that the well provides the primary source of water for the residence?

Lastly define the concern with 'adequate water egress' - does this well have a habit of going artesian?

If not, has it ever floodded the house?!?!? Noting the atypical condition, and moving on may be sufficent.

Did more than one FHA interior wells over the years - none recently.

I would have to agree with Lee Ann. If indoor pools are permitted, why not indoor wells? I would note it's location, and let the DEU handle it.
  #7  
Old 06-27-2008, 09:49 AM
Mike Boyd Mike Boyd is offline
 
Join Date: Jan 2002
Location: Santa Rosa, CA
State: California
Professional Status: Retired Appraiser
Posts: 11,822
Default

I agree with LeeAnn and Don. The simple act of a pipe breaking under the sink or in the walls, whether a well or public water, can also cause singificant damage.
  #8  
Old 07-02-2008, 01:24 PM
KimB in PA's Avatar
KimB in PA KimB in PA is offline
 
Join Date: Jun 2008
State: Pennsylvania
Professional Status: Certified Residential Appraiser
Posts: 4
Default

In my office within the past week we have seen 3 properties with Wells in odd places, 1 in a basement (still waiting for township to let me know if there is a well permit for it) 1 outside the foundation of the house, but has recently had a foundation placed around it with a roof.. acting as a shed. The third was located under a porch which had a some sort of foundation.

Thanks Mr. Rex for the clearification on it tho.
Sponsored Links

Closed Thread


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump




Copyright © 2000-, AppraisersForum.com, All Rights Reserved
     Terms of Use  Privacy Policy
AppraisersForum.com is proudly hosted by the folks at AppraiserSites.com

Fastest Way to Find a Real Estate Appraiser Enter Zip Code:
Partner Sites:
AppraiserUSA.com - National Appraiser Directory AllDomainsUSA.com - Domain Name Registration
DeadbeatListings.com - Deadbeat ListingsAppraiserSites.com - Web Hosting for the Professional Real Estate Appraiser
Find FHA Appraisers - FHA Appraiser Search Commercial Appraisers - Commercial Appraiser Search
Relocation Appraisal - Find Relocation Appraisers Domain Reseller - Business Opportunity
Home Security Buzz - Home Security Info Radon Testing - Radon Gas Info
My Medicare Forum - Medicare Info Stop Smoking Help - Help Quitting Smoking
CordlessPhoneStore.com - Great Cordless Phones AndroidTabletCity.com - Android Tablet Computers

Follow AppraisersForum.com:          Find us on Facebook            Follow us on Twitter


All times are GMT -5. The time now is 08:08 AM.

SiteMap: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62, 63, 64, 65, 66, 67, 68, 69, 70, 71, 72, 73, 74, 75, 76, 77, 78, 79, 80, 81, 82, 83, 84, 85, 86, 87, 88, 89, 90, 91, 92, 93