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FHA question

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DeKay Bayliffe

Sophomore Member
Joined
Oct 16, 2006
Professional Status
Certified Residential Appraiser
State
Alaska
I did an appraisal in a city that is 6 hours away last month. Nice home; but the homeowners were in the middle of tearing up the flooring and replacing it with new laminate wood floors along with the base trim. I checked the appropriate box on the 1004 and sent it off. The underwriters have now had the homeowner email me pictures of the completed flooring and trim; and want me to sign off without going back to re-inspect. Has anyone heard of this? Has anyone done this? Isn't this a violation?
 

Mr Rex

Elite Member
Joined
Jan 12, 2004
Professional Status
Certified Residential Appraiser
State
North Carolina
:rof:You're joking right? Can you say photo shop? If the guy was putting down flooring in your house, would you pay him before seeing it for yourself?:unsure:
 

Marcia Langley

Senior Member
Joined
Aug 26, 2005
Professional Status
Certified Residential Appraiser
State
Missouri
If the lender wants to waive the completion inspection, that liability is on them, not on you. You cannot do a report from photos. You either inspect or don't make a report.

The lender was nuts for sending you that far before the borrower had finished his updates. Now the borrower has to pay for that expensive completion report unless FHA is willing to waive it.
 

RSW

Elite Member
Joined
Feb 18, 2002
Professional Status
Certified Residential Appraiser
State
Tennessee
No way! I would never use the photos provided to do the compliance inspection. Especially for FHA. Charge them accordingly for the trip and have a good time.
 

Frederick

Senior Member
Joined
Nov 2, 2005
Professional Status
Certified General Appraiser
State
New Jersey
I did an appraisal in a city that is 6 hours away last month. Nice home; but the homeowners were in the middle of tearing up the flooring and replacing it with new laminate wood floors along with the base trim. I checked the appropriate box on the 1004 and sent it off. The underwriters have now had the homeowner email me pictures of the completed flooring and trim; and want me to sign off without going back to re-inspect. Has anyone heard of this? Has anyone done this? Isn't this a violation?

I agree with the rest. No way.

BTW, I'm curious. I have never been to Alaska. Is it typical in Alaska to travel so far and what type of fees does that command?
 

DeKay Bayliffe

Sophomore Member
Joined
Oct 16, 2006
Professional Status
Certified Residential Appraiser
State
Alaska
It is common to travel within the state of Alaska. There are only a handful of cities/towns with appraisers and we all have to travel. The fees vary on plane tickets, rental cars, hotels, etc..The lender pays for everything. I just finished up an appraisal on Kodiak Island that cost $1800. Standard fee around town is 600-650 for a 1004. Things go up from there depending on where the property is located.
 

DeKay Bayliffe

Sophomore Member
Joined
Oct 16, 2006
Professional Status
Certified Residential Appraiser
State
Alaska
By the way, I told the lenders there is no way I would do what they are asking. They agreed to fly me to Fairbanks this Saturday.
 

RSW

Elite Member
Joined
Feb 18, 2002
Professional Status
Certified Residential Appraiser
State
Tennessee
By the way, I told the lenders there is no way I would do what they are asking. They agreed to fly me to Fairbanks this Saturday.

Are you serious? They are going to fly you to Fairbanks? :clapping::clapping::clapping:
 

DeKay Bayliffe

Sophomore Member
Joined
Oct 16, 2006
Professional Status
Certified Residential Appraiser
State
Alaska
The cost to fly me is actually cheaper than if I were to drive. They said that since they needed my signature stating that I re-inspected; they had no choice. Love it!
 

RSW

Elite Member
Joined
Feb 18, 2002
Professional Status
Certified Residential Appraiser
State
Tennessee
The cost to fly me is actually cheaper than if I were to drive. They said that since they needed my signature stating that I re-inspected; they had no choice. Love it!

That is soooo Good! :clapping::rof::clapping::rof:
 
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