FHA appraisal

[ajea7474]

hello,
need to know if the vc of an FHA appraisal is not requare any longer.

thanks

 

[Marcia Langley]

aj,

The items on the VC sheet are still required inspection items. But the form itself is not required as a page(s) in the report.

 

[RSW]

Marcia is correct. Although, some items on the VC sheet have been removed as MPR items and do not require inspections such as termite, wells and septic tanks unless there is evidence of a malfunction of these systems. Other items are considered to be cosmetic now. You need to read ML 2005-48 and the Revised appendix D which is attached to it for a better indea of what is required and what is not. Revised Appendix D will give you a line by line guide of what and where these items need to be reported in the appraisal report.

 

[Mike Boyd]

VC sheet no longer required. Only health, safety issues and structural damage need to be corrected. All else simply deduct market reaction to the condition.

 

[Don Clark]

hello,
need to know if the vc of an FHA appraisal is not requare any longer.

thanks

You might want to read this as well as FHA Handbook 4150.2


http://www.HUD.gov/offices/adm/hudclips/letters/mortgagee/05-34ml.doc

 

[Greg Bell]

Read ML 2005-48 as quickly as you can...P.S. Save a copy to send to all of the goofy loans officers and Real Estate agents..

 

[KevinSharma]

Hi There,
Can anyone advise me that How to get FHA Template from Win-Total, including all the pages?

 

[Jalexi]

FHA template? I'm sure some of the more experienced FHA Appraisers will be along shortly to show you the way

 

[Greg Bell]

Uh Oh....No special template.Standard forms with an MPR addendum.Now duck , here they come...

 

[RSW]

Uh Oh....No special template.Standard forms with an MPR addendum.Now duck , here they come...

Greg, You mean you don't use the FHA Template? I thought all of us FHA appraisers used the FHA Template. I bet Rex uses it. It is one of the exclusive Templates that only the old guys have. You know? The Template!