Final Inspection - As Is Appraisal

[Deleted member 134708]

OK my peers. What say you?

I was NOT the original appraiser on this 1004D/Re-inspection. The OA was done as-is. It just had a note in it, pool was not clean at time of visit but was functional. That's it.

I inspected today. Pool clear. I wrote this on 1004D. (I did not check any boxes)

"No boxes are checked as the original appraisal was done "as-is." The original appraiser noted the pool was in working order but needed chemicals to clear up the water. The pool water clarity is a lender requirement and not an original appraisal requirement. The pool water was clear during the site visit on 08/10/17."

I got this revision.
"1) On 1004D under Certification of Completion section, please check YES or NO that all repairs are completed. The original being completed AS IS has nothing to do with the REINSPECTION REPAIRS being completed or not and a YES or NO must be checked."

 

[hastalavista]

OK my peers. What say you?

I was NOT the original appraiser on this 1004D/Re-inspection. The OA was done as-is. It just had a note in it, pool was not clean at time of visit but was functional. That's it.

I inspected today. Pool clear. I wrote this on 1004D. (I did not check any boxes)

"No boxes are checked as the original appraisal was done "as-is." The original appraiser noted the pool was in working order but needed chemicals to clear up the water. The pool water clarity is a lender requirement and not an original appraisal requirement. The pool water was clear during the site visit on 08/10/17."

I got this revision.
"1) On 1004D under Certification of Completion section, please check YES or NO that all repairs are completed. The original being completed AS IS has nothing to do with the REINSPECTION REPAIRS being completed or not and a YES or NO must be checked."

Just for ease of reference....


I agree with your interpretation. This certification clearly and directly references items that were "stated in the appraisal report".
An add-on requirement by the lender that is not referenced in the original report does not meet what this form's use is designed to address and (more importantly IMO) is not consistent with what this form identifies as the "Appraiser's Certification".

I think this is a hill I would choose to make my stand.
But that's me. I wouldn't tell anyone else he or she must do the same.

I will say this: Unlike the 1004/1025, etc. forms, there is no prohibition on this form that things cannot be modified. So an argument could be made that sufficient disclosure and explanation would overcome the check-box/certification.
But it doesn't feel right to me.

Good luck!

 

[Deleted member 134708]

I'll gladly forgo my $90. Just wanted to make sure when I stand my ground and this AMC turns me in for insubordination*, I'm in the right when state reviews it.

I'll be an appraiser that stands up. Fine by me.

Thanks.

Edit: forgo my $90 as bet anything they won't pay me as I didn't fulfill order in their eyes.

*my laziness for not discovering a better term.

 

[gregb]

Probably just a pencil-neck with a four year degree trying to carry out the lender's marching orders.

 

[hastalavista]

I'll gladly forgo my $90. Just wanted to make sure when I stand my ground and this AMC turns me in for insubordination for lack of a better term, I'm in the right when state reviews it.

I'll be an appraiser that stands up. Fine by me.

Thanks.

Edit: forgo my $90 as bet anything they won't pay me as I didn't fulfill order in their eyes.

It wouldn't surprise me if they relent. (But, unfortunately it wouldn't surprise me if they didn't, either ).
The sad thing is an appraiser or a knowledgeable non-appraiser would realize that this kind of thing (lender request outside of the appraisal), while legitimate, is a lender request outside of the appraisal. They can hire appraisers all day long to check for issues they think are important. If it was an appraisal issue, then the 1004d form is the right one to use. If it isn't an appraisal issue (which this isn't) then the 1004d form is not the right form to use but it is the form their system is set-up to accept. The problem here is form-think: They can get exactly what they want (confirmation that the pool no longer looks like the Black Lagoon) and in a vehicle which works within their system (the 1004D); but what they fail to realize is that checking the box, in this case, is not necessary (and contradicts what the form specifically states).

That's why I say there is a chance they'll relent; hopefully, someone up the food chain will recognize that checking the box isn't necessary or appropriate given what the appraiser was asked to do and convey on this form.

 

[LucySanborn]

"I was NOT the original appraiser on this 1004D/Re-inspection. The OA was done as-is. It just had a note in it, pool was not clean at time of visit but was functional. That's it.

I inspected today. Pool clear. I wrote this on 1004D. (I did not check any boxes)

"No boxes are checked as the original appraisal was done "as-is." The original appraiser noted the pool was in working order but needed chemicals to clear up the water. The pool water clarity is a lender requirement and not an original appraisal requirement. The pool water was clear during the site visit on 08/10/17."

I got this revision.
"1) On 1004D under Certification of Completion section, please check YES or NO that all repairs are completed. The original being completed AS IS has nothing to do with the REINSPECTION REPAIRS being completed or not and a YES or NO must be checked.""

-This is exactly my issue. Neither box should be checked in this case but AMCs see things so narrowly and do not relent. I don't think the form is appropriate but no one is allowed to make a thoughtful, rational decision it seems. They know this form, insist on it, and to make it worse, insist that it be used incorrectly. Thank you all for feedback. I guess there's no other option to recommend.

 

[Dublin ohio]

Look at it this way. If you check yes. Then you are just agreeing that the conditions stated within the original appraisal have been met. Since there were none. Then the conditions have been met. I know it is a convoluted way of looking at it. But just check yes and add additional commentary explaining that the box was checked per lender requirement. Either way you do it. It does not conform to the intended purpose of the form

 

[gregb]

I would look at the engagement letter for the 1004D. If the checking of neither box applies, so be it, and send me the $150 fee.

 

[Deleted member 134708]

Im standing my ground.

I'm trying to kind of get a blackmail case against them.

Waiting for an entry level person to say "if you don't, we won't pay you."

 

[Tom4value]

You completed the appraisal as is. However, the underwriter can impose a condition for you to make it subject to. Nothing wrong with that. Change the appraisal subject to what they want, go back out and inspect and do the 1004D and get paid for it. No issue.