• 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.

Homebuyer Summary

Not open for further replies.


Senior Member
Jan 15, 2002
Professional Status
Certified Residential Appraiser
I know the VC sheets are not required for proposed construction or homes under construction....therefore, I am assuming the Homebuyer's summary form is also not required.

Is this correct?


Larry Lyke

Senior Member
Feb 2, 2002

You're right. No HS required.

When you do the CIR (final Compliance Inspection Report) Form HUD-92051 (7/87), submit a front photo and rear photo, too. I also include a Street Scene.

Good luck.

AC King

Sophomore Member
Jan 20, 2002
According to an e-mail I received from Jeannine M. Bowers/HUD/DEN; if the property is proposed or under construction, "then a Compliance Inspection Form completed by a HUD Fee Approved Inspector is mandatory."

I appraised a property that was almost completed except for the installation of the appliances and some of the floor coverings. I completed the compliance report as requested by the lender. It was rejected and had to be reinspected by the "Approved Inspector."

I inquired about becoming one of the "Approved Inspectors" and was informed that "FHA is not accepting Fee Approved Inspector applications at this time." This was the end of January, 2002.

Just a note of caution, be careful when reporting the extent of completion of a property under construction.


Freshman Member
Jan 31, 2002
A C King is correct. I have had several lenders request finals from me, however, appraisers are not allowed to do them. I also got this direct from the Denver HOC. A number of questions such as this will asked and answered at the FHA/HUD update/training seminar in Houston on March 1, 2002. Go to gccnama.org for info on the seminar. Hope to see you there!

Ed Woodruff, MSA

Larry Lyke

Senior Member
Feb 2, 2002
I will clarify my post above:

I was referring to the CIR HUD-92051 on a property that an Appraiser can be requested to do the final inspection: A townhouse within an approved project qualifies.

There's other types of finals too, HUD-92800.5B and HUD-92300.
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

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