From HUD-92051

[Jon Liberatore]

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 QuickValue@gmail.com

Thanks

 

[CANative]

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]

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

QuickValue@gmail.com

Thanks

 

[CANative]

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.

 

[Mike Boyd]

QuickValue@gmail.com[/email]

Thanks

Check your email.