FHA owning a foreclosure for 10 years

[Fernando]

I have this order which I'm won't do. I'm not experience in foreclosure appraisals.
Looking at its history, FHA owned the property since 2014. WTF.
Ten years and finally decided to offload it? What's that about.

 

[TerryRohrer]

I have this order which I'm won't do. I'm not experience in foreclosure appraisals.
Looking at its history, FHA owned the property since 2014. WTF.
Ten years and finally decided to offload it? What's that about.

Probably still looking for an appraiser with experience in foreclosure appraisals!

 

[Dublin ohio]

I have this order which I'm won't do. I'm not experience in foreclosure appraisals.
Looking at its history, FHA owned the property since 2014. WTF.
Ten years and finally decided to offload it? What's that about.

What special skills are you lacking that require "experience" in foreclosure appraisals

 

[Fernando]

Probably still looking for an appraiser with experience in foreclosure appraisals!

I imagine being in SF having rent control, it's difficult to kick tenants out.
Also, I imagine the house must have lots of deferred maintenance. Must be more knowledgeable in repair cost.
Must be a nightmare to appraise.

 

[Dublin ohio]

I imagine being in SF having rent control, it's difficult to kick tenants out.
Also, I imagine the house must have lots of deferred maintenance. Must be more knowledgeable in repair cost.
Must be a nightmare to appraise.

So in other words you are just plain scared.

 

[Fernando]

So in other words you are just plain scared.

Not really, it's in a shady area not in heart of "bad" area.

 

[alebrewer]

I have this order which I'm won't do. I'm not experience in foreclosure appraisals.
Looking at its history, FHA owned the property since 2014. WTF.
Ten years and finally decided to offload it? What's that about.

That actually is a pretty legit question, Fern. 10 years is a long time to dispose of an asset... that's our taxpayer dollars at work.

 

[Fernando]

That actually is a pretty legit question, Fern. 10 years is a long time to dispose of an asset... that's our taxpayer dollars at work.

And the client wants to schedule appointment at least a week from now.
Something about an appraisal within 30 days of foreclosure sale.
If I get the appraisal value wrong from the actual foreclosure sales price, will I be in big sh*t.

 

[TerryRohrer]

And the client wants to schedule appointment at least a week from now.
Something about an appraisal within 30 days of foreclosure sale.
If I get the appraisal value wrong from the actual foreclosure sales price, will I be in big sh*t.

Most of these I get, there is no viable contact information. They give you a phone number so you can waste your time confirming that the contact won't respond. In that case, you notify the client and the assignment is typically converted to a drive-by. For those, I typically accept with the condition that the report will include an extraordinary assumption that the interior quality and condition will be based on "MLS photos from prior listing/sale on zzz date" (if available) or "based on apparent quality and condition from an exterior inspection from the street."

 

[Fernando]

Most of these I get, there is no viable contact information. They give you a phone number so you can waste your time confirming that the contact won't respond. In that case, you notify the client and the assignment is typically converted to a drive-by. For those, I typically accept with the condition that the report will include an extraordinary assumption that the interior quality and condition will be based on "MLS photos from prior listing/sale on zzz date" (if available) or "based on apparent quality and condition from an exterior inspection from the street."

The order did indicated of unusual circumstances not getting in and such. Does it mean it still occupied?
Instead of 1004, it could be a driveby? Too many questions and possibilities.