1004d

[JasonHaskell]

Yeah, I just won't do other appraisers final inspections too many potential pitfalls. I've run into many instances where the original appraisal was so bad that I couldn't even make sense of what I was doing a final inspection on. Often I would see many additional things that should have been required (usually for FHA loans) that weren't even included in the original appraisal. Often it's a big can of worms for $100....no thanks. I'm seeing appraisers travel 200+ miles to do an appraisal then won't do the final because they don't want to drive that far for $100, I'm not going to bail those appraisers out.

 

[Deleted member 134708]

@nottrav
So you reviewed the OA, as well? that 1004d is directly linked to that appraisal and you need to make sure that the OA did it correctly to upgraded plans & specs.

Yup. All checked out. I appraised it, then reviewed it, then finaled it. Seemed reasonable.

The porch light didn't work so I called that out. Got a 4th $90. Then went out and there was no 2x2 concert step in the rear yard I called out for another $90.

Turns out place is a gold mind.

House not closed out yet. I still have 4 more items. So hopefully another $800.

 

[Deleted member 134708]

Beauty part is these homes have a temp gauge in the left rear corner per plans and specs. This house has it in the left front.

I called that out. Was an easy $90

Owner calls 8 times a day. I put him on ignore. Costs him $300 per day everyday doesn't close.

Hey, not my prob I'm just doing my job....and getting paid.

 

[Deleted member 134708]

that 1004d is directly linked to that appraisal and you need to make sure that the OA did it correctly to upgraded plans & spec

Also:

No, it's not.

It was a new assignment. The top of my 1004d says it is a standalone report. My engagement letter states 1 specific task.

It is in no way attached to that persons report per engagment, per me, per everyone.

 

[residentialguy]

Also:

No, it's not.

It was a new assignment. The top of my 1004d says it is a standalone report. My engagement letter states 1 specific task.

It is in no way attached to that persons report per engagment, per me, per everyone.

Not according to what you signed. Again, it reads: "HAVE THE IMPROVEMENTS BEEN COMPLETED IN ACCORDANCE WITH THE REQUIREMENTS AND CONDITIONS STATED IN THE ORIGINAL APPRAISAL REPORT?"

Don't get me wrong...you can do it, but you need to realize what you signed. If they wanted just to show that it was completed without being tied to the orig appraisal, you could have done an plain ol inspection without the 1004d cloud. I have always turned them down. Sometimes easy money costs too much in the long run. If the orig appraiser gets sued...you can bet your bippy that you will be sued as well.

 

[RSW]

Not according to what you signed. Again, it reads: "HAVE THE IMPROVEMENTS BEEN COMPLETED IN ACCORDANCE WITH THE REQUIREMENTS AND CONDITIONS STATED IN THE ORIGINAL APPRAISAL REPORT?"

Don't get me wrong...you can do it, but you need to realize what you signed. If they wanted just to show that it was completed without being tied to the orig appraisal, you could have done an plain ol inspection without the 1004d cloud. I have always turned them down. Sometimes easy money costs too much in the long run. If the orig appraiser gets sued...you can bet your bippy that you will be sued as well.

The OP is not going to listen to you. It sounds like he reviewed the original appraisal plus the plans provided to him. If that is the case and it was done in accordance with the original appraisal, then I don't see a problem with that. If, not then I see a problem with that.

 

[JasonHaskell]

Beauty part is these homes have a temp gauge in the left rear corner per plans and specs. This house has it in the left front.

I called that out. Was an easy $90

Owner calls 8 times a day. I put him on ignore. Costs him $300 per day everyday doesn't close.

Hey, not my prob I'm just doing my job....and getting paid.

way to stick it to the man....SMH

 

[djd09]

I have done one. The appraiser actually went to drug rehab.

Show me one appraiser who has been sanctioned by a state for a reinspect.

 

[alex gilbert]

Just for fun, let's circle back the original question about final inspection photographs. Assuming the appraisal and 1004D are being completed to GSE guidelines, interior photos are required which, at a minimum,

"must include photographs of the following: the kitchen; all bathrooms; main living area; examples of physical deterioration, if present; examples of recent updated, such as restoration, remodeling, and renovation, if present. Note: Interior photographs on proposed or under construction properties may be taken by the appraiser at the time of the inspection for the Certification of Completion, and provided with the Form 1004D.
https://www.fanniemae.com/content/guide/selling/b4/1.2/01.html

These days, at least in CA, photos of smoke and CO detectors and water heater seismic straps are de rigueur, so should be included too. The client dropped the ball by not clearly specifying the scope of work, but the OP could have been proactive by complying with the GSE guidelines.

 

[RSW]

It does get under my skin when an appraiser says "they did the minimum." I have avoided many conditions from Clients in the past by doing more than the minimum while providing an appraisal service. Taking photos during the final inspection of a proposed construction is one of them. It is also a CYA situation. I can prove I was there and what the condition was like when I was there.