Appraiser Marked Private Septic And Well As Public

[CCAAMO]

Your not the client.

 

[Huds_Harm]

Ok you have completely missed the point. YOU knew the property had a septic system prior to closing. Now you want to blame someone else for you not doing you due diligence.

Lol again I do not have an appraisal license and am not required to be an expert on FHA minimum requirements, however the lender and the appraiser are. And funny you mention the words due diligence.
4155.2 4.1.b Lender Responsibility for Appraisals
Lenders, including sponsoring lenders, are equally responsible, along with appraisers, for the quality, integrity, accuracy and thoroughness of appraisals. The lender will be held accountable if it knew, or should have known, that there were problems with the integrity, accuracy and thoroughness of an appraisal submitted to FHA for mortgage insurance purposes. Lenders that submit appraisals to HUD that do not meet FHA requirements are subject to the imposition of sanctions by the HUD Mortgagee Review Board (MRB).

 

[Huds_Harm]

Your not the client.

I’ve heard appraisers use that as an out. Thanks

 

[Michigander]

How long ago did you buy the house? How many people are living in it? When did you last have the tanks pumped?

 

[Mejappz]

The appraiser on the property I purchased with an FHA loan marked my water and sewer as public therefore the required FHA tests and minimum distance requirements were not performed. The system has not only failed it will cost upwards of 60k to bring up to health and safety standards due to the size of the lot and having to move the well. The property does not qualify for a FHA loan due to the distance from the septic to the well as is being only 40ft. Any advice on who is liable?

Did you get a home inspection? The FHA guidelines are a joke.

 

[Huds_Harm]

Did you get a home inspection? The FHA guidelines are a joke.

I did but it did not include septic as it couldn’t be located at the time of inspection and is not on the survey however by the time of appraisal it was located and access available to inspect. The appraiser also included a picture of the water well and still marked it public as well as did not perform the required tests on that item.

 

[Huds_Harm]

At a minimum the appraiser could have measured the distance between the two to find out the property didn’t qualify.

 

[Mejappz]

You have to understand appraisers are not trained in this type of property inspection. No matter what HUD has to say. If I were you, I would sue HUD for not hiring a qualified and licensed home inspector.

 

[Huds_Harm]

You have to understand appraisers are not trained in this type of property inspection. No matter what HUD has to say. If I were you, I would sue HUD for not hiring a qualified and licensed home inspector.

HUD just encourages buyers to obtain a separate home inspection but does not require it due to an FHA appraisal supposedly being an inspection as well.

 

[Mejappz]

FHA appraisal supposedly being an inspection as well.

It's not.