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  #1  
Old 06-25-2011, 10:38 AM
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Gregory Beck Gregory Beck is offline
 
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Default Is Stove And Frig ?

Investor gutted house it's like new didn't put in the stove or refrigerator
for fear of it being stolen prior to occupancy.

Do I have to stip for the stove and go back or can I just state in the appraisal the above statement

ad do it "as is"
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Old 06-25-2011, 03:31 PM
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I use to think that a stove was necessary for a home to be livable, and would condition FHA/USDA reports on a stove. Than many people on this board told me I was wrong. I still think a stove is necessary for a home to be livable, but haven't had an opportunity to sign my name to an opinion on it yet.
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Old 06-25-2011, 03:53 PM
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Default

As Is

0123456789
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Old 06-25-2011, 10:11 PM
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Quote:
Originally Posted by AnonApprsr View Post
I use to think that a stove was necessary for a home to be livable, and would condition FHA/USDA reports on a stove. Than many people on this board told me I was wrong. I still think a stove is necessary for a home to be livable, but haven't had an opportunity to sign my name to an opinion on it yet.
per conversations with FHA / HUD, built in stove or oven get replaced, stand alone unit can be sold without.
  #5  
Old 06-25-2011, 10:41 PM
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A stove is not necessary/required per FHA. I have the reference from my local HOC in my office. I got something in writing b/c I could never seem to get a straight answer.
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Old 06-25-2011, 11:51 PM
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Quote:
Originally Posted by NORTON View Post
per conversations with FHA / HUD, built in stove or oven get replaced, stand alone unit can be sold without.
This is the way it has been handled out of the original LA office and now the Santa Ana office for years.
  #7  
Old 06-26-2011, 12:12 AM
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Quote:
Originally Posted by realbiz View Post
This is the way it has been handled out of the original LA office and now the Santa Ana office for years.
Quote:
Originally Posted by Sutphid View Post
A stove is not necessary/required per FHA. I have the reference from my local HOC in my office. I got something in writing b/c I could never seem to get a straight answer.
I think a few people here said their local HOC said it wasn't required. Interesting. As I said, in prior FHA/USDA appraisals I had called for a stove to be installed to meet FHA/HUD's livability requirement. I haven't had an FHA/HUD without a stove, or without a stove already required per contract, since it was argued I was wrong on the board.
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Old 06-26-2011, 01:12 AM
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Default

They're personal property. Personally, I'd like to pick out my own stove and fridge, thank you very much.
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  #9  
Old 06-26-2011, 05:49 AM
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Default

From: http://www.fhaoutreach.gov/FHAFAQ/

Must a new or existing home have a stove in order to be eligible for FHA financing?
Answer

Neither a new home nor an existing home has to have a stove in order to be eligible for FHA financing.

Handbook 4905.1 REV1, Section 2-5'

Reference

'Handbook 4905.1 REV1, Section 2-5'
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Old 06-26-2011, 07:30 AM
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Thank you all for the correct answer I sent the appraisal in as is.
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