outatime
Freshman Member
- Joined
- Jan 8, 2019
- Professional Status
- Certified Residential Appraiser
- State
- Colorado
I hope this isn't a repeat question... I did a search but didn't find a specific answer to this:
I often get requests to complete an certification of completion for FHA manufactured home appraisals. Most often they request a 1004D. My concern is two fold: 1)the 1004D form is not appropriate as this should be done on a HUD-92051 form, and 2)I am simply restating what the real professional is stating in their certification report and then I am simply charging someone for this service, but I feel like I am taking on this liability should anything arise from this factor. It seems to me that this is not a situation that an appraiser should be filing this out... I feel like the engineer/architect should fill out the HUD-92051.
Thoughts? Also, please consider the following:
1)FHA requires all appraisals of manufactured homes to be conditioned upon the certification of an engineer or architect that the foundation is in compliance with the PFGMH (pg 510ish). I am neither of these and it seems an unnecessary step to add the appraiser in the mix...
2)FHA requires form HUD-92051 for compliance or final inspection of all manufactured housing (pg 488ish)... So a 1004D is never appropriate correct?
3)HUD-92051 states "I certify that I have carefully inspected this property on this date..." - I did not and I would disclose this on the form
4)1004D states "I certify that I have performed a visual inspecton of the subject property to determine if the conditions or requirements stated in the original appraisal have been satisfied" - again I would disclose that I did not in fact inspect.
5)Overall I feel like an appraiser should not do this, however we get incredible pressure from lenders to do this... Please comment
I often get requests to complete an certification of completion for FHA manufactured home appraisals. Most often they request a 1004D. My concern is two fold: 1)the 1004D form is not appropriate as this should be done on a HUD-92051 form, and 2)I am simply restating what the real professional is stating in their certification report and then I am simply charging someone for this service, but I feel like I am taking on this liability should anything arise from this factor. It seems to me that this is not a situation that an appraiser should be filing this out... I feel like the engineer/architect should fill out the HUD-92051.
Thoughts? Also, please consider the following:
1)FHA requires all appraisals of manufactured homes to be conditioned upon the certification of an engineer or architect that the foundation is in compliance with the PFGMH (pg 510ish). I am neither of these and it seems an unnecessary step to add the appraiser in the mix...
2)FHA requires form HUD-92051 for compliance or final inspection of all manufactured housing (pg 488ish)... So a 1004D is never appropriate correct?
3)HUD-92051 states "I certify that I have carefully inspected this property on this date..." - I did not and I would disclose this on the form
4)1004D states "I certify that I have performed a visual inspecton of the subject property to determine if the conditions or requirements stated in the original appraisal have been satisfied" - again I would disclose that I did not in fact inspect.
5)Overall I feel like an appraiser should not do this, however we get incredible pressure from lenders to do this... Please comment