• Welcome to AppraisersForum.com, the premier online  community for the discussion of real estate appraisal. Register a free account to be able to post and unlock additional forums and features.

From HUD-92051

Status
Not open for further replies.

Jon Liberatore

Junior Member
Joined
Nov 15, 2004
Professional Status
Certified Residential Appraiser
State
Maryland
The lender is requesting me to fill outa HUD 92051 form after I already did a full 1004 Appraisal. I noted in the appraisal, that there was dampness in the basement due to evidence of water damage, but I did the appraisal as-is back in MArch.

I get a phone call the other day from the client requesting that I go back to the property to re inspect. (Since they had a waterproofing company fix the water damage area) And they are also asking for a HUD 92051 form.

Anyone ever heard of this form, I have never heard or see one.

I looked into it and its a "Compliance Inspection Report"

Any advice or a sample Form would be a great help.

My email address is [email protected]

Thanks
 

CANative

Elite Member
Joined
Jun 18, 2003
Professional Status
Retired Appraiser
State
California
It's kind of a HUD/FHA counterpart to Fannie/Freddie 1004D/442.

Schedule an appointment and go back and look at the basement. Report what you found, try to get a copy of the inspection/repair report. Include a couple of photos. Collect $100 (or more).

I think you check box #14 on the CIR. Haven't looked at one in a couple of days so my memory may be off.
 

Jon Liberatore

Junior Member
Joined
Nov 15, 2004
Professional Status
Certified Residential Appraiser
State
Maryland
Thanks, but what would really help is if someone had one of these forms filled out so that I could see a real example, if someone has one please email it to me

[email protected]

Thanks
 

CANative

Elite Member
Joined
Jun 18, 2003
Professional Status
Retired Appraiser
State
California
Sample?

If you have a decent forms vendor you should be able to just open your report and select the CIR. It will open a two page document at the end of your file. The first page is the form with the checks boxes and the 2nd page is instructions and explanations. Most of the form should auto-populate with the subject and client info. Just check the appropriate box(es) and use the comment cells for any needed comments.

Send the entire file back to the client with an invoice. Sometimes they ask me to certifiy things that I can't certify so I'll just state that I reviewed whatever document they wanted me to look at.
 
Status
Not open for further replies.
Find a Real Estate Appraiser - Enter Zip Code

Copyright © 2000-, AppraisersForum.com, All Rights Reserved
AppraisersForum.com is proudly hosted by the folks at
AppraiserSites.com
Top

AdBlock Detected

We get it, advertisements are annoying!

Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features of our website. For the best site experience please disable your AdBlocker.

I've Disabled AdBlock
No Thanks