FHA comp with no interior pics (newer construction)

[Tom D]

And all they wanted was a subject front/rear/street photo on the appraisal. And that Polaroid film was expense, about $1/shot IIRC.

Makes you wonder how banks managed to make a loan back then!

no, just a front polaroid shot need when i started. these were local banks who already knew the area. way back FHA, you couldn't make a condition adjustment on a comp unless you actually saw the inside. in those days wasn't much info anyway in the MLS books. now it's 3 pages sometimes, which is so annoying to read thru the realtors minutia.

 

[Ariba]

Hello. Does FHA/FNMA allow a comp that only has an outside pic (I have taken) but no interior pics on MLS to verify C/Q and amenities, even thought it details them in the description?

Thanks!

I was unaware that FHA/FNMA required interior photos. I guess you learn something every day.

 

[John Hassler]

If the lack of interior photos impacted your analysis, you can note this in your reconciliation.

 

[Tom D]

the interesting part is that who can prove you wrong, since there is no info. not sure of comp's interior are best put on as secondary comps #4,5,6, as support of your value with an explanation if you think one is needed.

 

[Tiffany Gibbons]

I was unaware that FHA/FNMA required interior photos. I guess you learn something every day.

Of comparables? Please. I mean, yes it's nice to see interior photos, but surely OP means this as a joke? I guess next appraisers are expected to gain entrance to comparables? If not, I guess I'm learning something new as well.

 

[Sadie]

And all they wanted was a subject front/rear/street photo on the appraisal. And that Polaroid film was expense, about $1/shot IIRC.

Makes you wonder how banks managed to make a loan back then!

How did we ever figure it out?

 

[Sadie]

I was unaware that FHA/FNMA required interior photos. I guess you learn something every day.

Only the subject. I think OP is concerned about lack of interior photos of the comparable properties.