Does 1004D appraiser assume liability for underlying report?

[shrubberyvaluation]

You shouldn't be if you make the scope of work clear. In reality a lawyer can blanket you in a lawsuit.

 

[Steve Pendleton]

You can try. No good deed goes unpunished.

You are not incorrect in your observations, it is just not their objective.

UWM?

No,not UMW.

 

[Steve Pendleton]

I personally do not see why someone completing a 1004 D for a specific item repaired or installed has any liability beyond that one item -

In a sane world that’s true. I’m trying to navigate this world.

 

[Steve Pendleton]

A 1004d is not an appraisal. A monkey can do it. It is a specific item repair requested. You over stepped. Did they ask you for a home inspection, or to review the inspection. I would never do a 1004d for another appraiser done. You do need to state that you were not involved in the previous appraisal. Now you have learned why, it's an existental threat.

If i'm the lender, i'm saying wha da to your over stepped 1004d, and checking you off my list. Worth doing soneone's appraisal 1004d.

I was taught to reinspect the whole house and submit all new photos.

 

[shrubberyvaluation]

I was taught to reinspect the whole house and submit all new photos.

If that is your scope of work.