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2nd Appraisal for FHA

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redmg

Freshman Member
Joined
Mar 7, 2008
Professional Status
Certified Residential Appraiser
State
Pennsylvania
I've been requested to do a second FHA appraisal for the MB who said the same, original Lender is requiring it. This is not a case of a declining market with a loan amount greater than $417K.

The case number was already assigned to another appraiser and the report was completed. (As an aside, I could not find the appraiser on the approved list and a copy of the appraisal report was forwarded to me...I have looked at it now that my report is done.) I told the MB I needed an assignment sheet with my name on it. He said he checked with FHA and they said no because it has already been given a case number.

This is a new experience for me. Should I be listed also as an assigned appraiser on the Case Number Assignment Results page or not? (I added a comment in my report as to who the original appraiser assigned was). In the past, I've always required the assignment result before proceeding. Never had it assigned to someone else. I used the same case number.

Before sending it in, I thought I'd get some feedback. Any guidence here is appreciated.

By the way, the original appraisal did not report any of the lead paint or safety issues I reported.
 

Mr Rex

Elite Member
Joined
Jan 12, 2004
Professional Status
Certified Residential Appraiser
State
North Carolina
Is it a flip? If the current owner has owned it less than 6 months, FHA requires a 2nd appraiser/appraisal, and the 2nd one doesn't get a new case number.
 

redmg

Freshman Member
Joined
Mar 7, 2008
Professional Status
Certified Residential Appraiser
State
Pennsylvania
Yes...boy do I feel dumb...purchesed in March at Sheriff sale and rehabbed.
 
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