Any Help FHA questions

[jwand125]

I am FHA approved, but have several questions before market FHA appraisals. First of all I never did one. I think I know how, but my mentoring appraiser never did them. Will anyone be willing to help me. If it seems to be a competency issue I will pass on FHA. But I dont think it will be, any willing person to answers some ?'s would be great

thanks

 

[larryhaskell]

Ask away. If there is one thing this forum isn't short of, its opinions.

 

[jwand125]

with VC, notice to home buyer. Is notice basically the same as last page of vc. Do you hand in regular appraisal, vc, and notice to lender. DO they order a reinspect always or do the expect you to schedule it.

 

[Jo Ann Meyer Stratton]

Items listed on the VC that would require a professional (roofer or plumber or heating/cooling contractor etc) will be ordered by the underwriter and the appraiser does not get involved. Items that would not require a professional (they promised to put on a new front door or new carpet in the living room, etc), the underwriter might have the appraiser go back to the property and fill out HUDs Compliance Inspection Report. But be very cafeful of what the underwriter asks you to go back and check--if it is the slightest bit outside an appraisers expertise--don't do it! The underwriter needs to arrange for the appropriate professional to check it out. So it might be your report is subject to a have a full VC page with lots of items that you as the appraiser never sees if they are complete or not.

I do have as template that I use for FHA orders that I could email you if you are interested. I definitely am not a FHA expert (that is Ben V), but it might provide some ideas for you.

 

[Wally Jones]

The Notice to Homebuyer is different from the last page of the VC sheets and needs to be completed in addition to the VC's. Talk to your client about the Notice. Some like it to be faxed to them as soon as the inspection is completed. It's supposed to be provided to a buyer/homeowner prior to closing, but I haven't found a lender yet that does that.

 

[Verne Hebert]

I'm just heading out, but here are some initial tricks of the trade.

When you call for the inspection appointment, have the owner or listing broker have the attic access and crawl access open for you.

Always ask if electricity, water, and gas are on-------and safe for use for your inspection.

I have some war stories on these but not today.

In terms of competency, you passed the test. Be observant. Be patient. And be thorough.

Everybody is pulling for you.