VA liquidation appraisal questions

[Tim Hicks (Texas)]

Don

Okay. The lender also gave me an email address which I used. So if I called today and email again tomorrow, that's 2 attempts. Then when I go out and do my 2055 I'll make a 3rd attempt and, if he's home, I'll do the 1004. If not, like you said, I'm already there for the 2055.

Don' forget to make sure it is not vacant.

 

[CindyR]

you have to go to the property and leave a note (i tape a real letter to the door) and give the veteran an opportunity to respond

 

[Tim Hicks (Texas)]

you have to go to the property and leave a note (i tape a real letter to the door) and give the veteran an opportunity to respond

I think he/she is trying to make a few trips as possible and do the minimal. LGI appraisals are not a money maker for the appraiser, but the VA is a good steady stream of work to accept the shortcomings of LGI assignments. Plus, the point of VA appraisals is to help the veteran.

 

[OllieGarchy]

I'm not trying to do the minimum work. I'm trying to figure out how this works (how many attempts, what constitutes an "attempt"). I didn't know anything about actually knocking on the door and leaving a note until just a few minutes ago. That's why I ask these questions.

 

[OllieGarchy]

Just found this, per VA pamphlet 26-7 concerning Liquidation Appraisals: "Three or more attempts to call the telephone number(s) provided with the liquidation appraisal request, on different days and at times most likely for the occupant to be at home, have resulted in no access to an occupied residence."

Okay. That doesn't mention anything about going to the homeowner's property. In addition, the lender's email instructions to me stated to just email the borrower on 3 different days, since the phone number is not a working number. No mention was made about actually going to the property to leave a note.

Now I want to do this right. So where am I missing the VA requirement about knocking on the door and leaving a note?

 

[LarryJewell]

Just found this, per VA pamphlet 26-7 concerning Liquidation Appraisals: "Three or more attempts to call the telephone number(s) provided with the liquidation appraisal request, on different days and at times most likely for the occupant to be at home, have resulted in no access to an occupied residence."

Okay. That doesn't mention anything about going to the homeowner's property. In addition, the lender's email instructions to me stated to just email the borrower on 3 different days, since the phone number is not a working number. No mention was made about actually going to the property to leave a note.

Now I want to do this right. So where am I missing the VA requirement about knocking on the door and leaving a note?

You just need to make 3 attempts and document. Like I said earlier, document on the Liquidation addendum and also in the portal. If you have already made a phone call today, tomorrow send an email and on day three, go knock on the door. Knocking on the door is gonna be your best bet at determining if the house is vacant or not. If there is no answer and you can reasonably determine that the house is vacant, proceed with the exterior appraisal. If you have any issues or questions, just call your RLC. I have always had good luck with getting help/answers from the Houston office.

 

[OllieGarchy]

Thanks, Larry. BTW, per lender, the property is NOT vacant.

 

[Tim Hicks (Texas)]

Thanks, Larry. BTW, per lender, the property is NOT vacant.

Sometimes, we are the ones that inform them otherwise.

 

[Tim Hicks (Texas)]

Just found this, per VA pamphlet 26-7 concerning Liquidation Appraisals: "Three or more attempts to call the telephone number(s) provided with the liquidation appraisal request, on different days and at times most likely for the occupant to be at home, have resulted in no access to an occupied residence."

Okay. That doesn't mention anything about going to the homeowner's property. In addition, the lender's email instructions to me stated to just email the borrower on 3 different days, since the phone number is not a working number. No mention was made about actually going to the property to leave a note.

Now I want to do this right. So where am I missing the VA requirement about knocking on the door and leaving a note?

Well, we used to have meetings where they would tell us to do it, but that has 15+ years ago now.

My VA Handbook states: Appraiser's must make every effort to gain entry to occupied properties. If they cannot based on reasons provided below, the liquidation addendum must be properly documented.
The property owner/occupant has permanently refused the appraiser's entry. (It happens)
The appraiser considers access to present a legitimate hazard.
Three or more attempts to gain entry (i.e. telephone calls, visits) have resulted in no access to the property. Attempts must be made on different days at times most likely for the occupant to be home.
The appraiser has made three appointments to enter the dwelling all of which have been broken. (happened to me twice in 20+ years)

 

[Ariba]

The timeline for liquidation is presently business 5-days. Also, the "Borrower" field is n/a. Lastly, don't forget the Liquidation Addendum with 3-Pending/Active listings if they are available.