1004d Or Disaster Certification After Hurricane Irma

[timd354]

Damage inspections should be completed by the original Appraiser. However, if the original Appraiser is not available, another FHA Roster Appraiser in good standing with geographic competence in the affected market may be used. If the Mortgagee uses a different Appraiser to inspect the Property, the Appraiser performing the damage inspection must be provided with a complete copy of the original appraisal.

The FHA and its silly requirements, lol.

Why would an appraiser doing a damage inspection need to be "geographically competent" and why would he or she need a copy of the original appraisal report? Either the home was damaged by the hurricane or it wasn't and neither the original appraisal report nor the geogrphic competence of the appraiser has anything to do with that.

 

[gregb]

If the appraiser completing the damage inspection report has not previously inspected the property it would be necessary to have the appraisal report in hand in order to determine damage, if any, to the improvements from the hurricane.

 

[DWiley]

If the appraiser completing the damage inspection report has not previously inspected the property it would be necessary to have the appraisal report in hand in order to determine damage, if any, to the improvements from the hurricane.

Yeah, the missing roof might be from the hurricane, or it might be from the water heater explosion that happened before the storm

 

[timd354]

Yeah, the missing roof might be from the hurricane, or it might be from the water heater explosion that happened before the storm

When the water heater exploded, it may have also flooded the entire neighborhood with 6 or 8 feet of water, lol.

 

[gregb]

Yeah, the missing roof might be from the hurricane, or it might be from the water heater explosion that happened before the storm

The previously existing guest house may be completely gone, with no traces left on the site...

 

[gregb]

LIA-

http://www.liability.com/claim-alerts/claimalert_naturaldisast.aspx

 

[RSW]

From the 4000,1


c. Inspection and Repair Escrow Requirements for Mortgages Pending Closing or Endorsement in Presidentially-Declared Major Disaster Areas

All Properties with pending Mortgages or endorsements in Presidentially-Declared Major Disaster Areas (PDMDA) must have a damage inspection report that identifies and quantifies any dwelling damage. The damage inspection report must be completed by an FHA Roster Appraiser even if the inspection shows no damage to the Property, and the report must be dated after the Incident Period (as defined byFEMA). FHA does not require a specific form for a damage inspection report.

Streamline Refinances are allowed to proceed to closing and/or endorsement without any additional requirements.

FHA does not require the Appraiser to ensure utilities are on at the time of this inspection if they have not yet been restored for the area.

Damage inspections should be completed by the original Appraiser. However, if the original Appraiser is not available, another FHA Roster Appraiser in good standing with geographic competence in the affected market may be used. If the Mortgagee uses a different Appraiser to inspect the Property, the Appraiser performing the damage inspection must be provided with a complete copy of the original appraisal.

All damages must be repaired by licensed contractors or per local jurisdictional requirements. All damages, regardless of amount, must be repaired and the Property restored to pre-loss condition with appropriate and applicable documentation.

Thanks for the clarification as the FHA does require the repair inspection to be done on the 1004d for MPR required repairs.

 

[huntercharlie]

LIA-

http://www.liability.com/claim-alerts/claimalert_naturaldisast.aspx

Thanks for posting this GregB. I think any appraiser that has concerns about this issue should read this LIA article and ignore the advice from some of the jokers in this thread.

 

[J Grant]

It's a common sense article, which advises appraiser to add a disclaimer they are not an engineer or structural inspector and to recommend inspections, advises to take photos . Decide if you want to do them or not but the article was just common sense