Everything You Need to Know About FHA is Right Here.

[kevinhenley]

We have a client that requests subject-to appraisals on FHA appraisals. Is anyone doing this? I read it should be "as-is" with costs to cure and then completed the appropriate form when finished.

 

[NC Appraising]

m2:










m2:

 

[NC Appraising]

Free FHA training videos with Q&A:
http://www.HUD.gov/webcasts/archives/sinfamily.cfm
Grab a cup of joe, sit back and relax, you'll need the coffee.


http://www.HUD.gov/groups/appraisers.cfm



Most important ML Letter http://www.HUD.gov/offices/adm/hudcl...es/05-48ml.pdf

Frequently Asked Questions Valuation Protocol http://www.HUD.gov/offices/hsg/sfh/appr/aprval.pdf


Others

http://www.HUD.gov/groups/appraisers.cfm main site

http://www.HUD.gov/offices/adm/hudcl...35.1/index.cfm home equity


http://portal.HUD.gov/portal/page/portal/FHA_Home FHA website


http://www.HUD.gov/offices/hsg/sfh/ref/chap1.cfm reference guide (203k, condo, sewer, repair conditions, power lines, etc.)

http://www.HUD.gov/offices/adm/hudclips/handbooks/hsgh/ hand books for all

http://www.HUD.gov/offices/hsg/sfh/ref/sfhp1-8f.cfm construction and new homes

http://www.HUD.gov/offices/adm/hudcl...50.1/index.cfm 4150.1 STILL APPLICABLE

http://www.HUD.gov/offices/adm/hudcl...ers/mortgagee/ mortgage letters

http://www.HUD.gov/offices/hsg/sfh/faqs/atl1val.cfm freq. asked questions

http://www.HUD.gov/offices/adm/hudcl...50.2/index.cfm :blush: this is the main one 4150.2 and appendix d valuation protocol

http://www.HUD.gov/offices/hsg/sfh/ref/sfhp1-12.cfm reverse mortgages

http://www.HUD.gov/offices/hsg/sfh/ref/chap1.cfm Appraisal and Property Requirements


TRANSFERRING APPRAISALS
http://www.HUD.gov/offices/adm/hudclips/letters/mortgagee/files/09-29ml.doc

http://www.HUD.gov/offices/hsg/sfh/ref/sfhp2-17.cfm

http://www.HUD.gov/offices/adm/hudclips/handbooks/hsgh/4000.2/40002c4HSGH.doc
__________________

 

[CANative]

Omg... Rofl...

 

[kevinhenley]

Thanks...that is what I needed. This is a purchase where the previous owner was finishing the basement, left it unfinished with the framing and wiring being the only things completed. The wiring is not exposed but is not completely attached to the walls and/or framing. They wanted this "subject-to". I do consider this somewhat of a safety issue, as the wires are not attached to walls or framing in all places. But I don't know that I should require that as subject-to or note it and call it "as-is".

 

[Michigan CG]

Kevin, looks like you have what you need.

Thanks to NC for the multiple links.

I am going to change the name of the thread and make it a sticky.