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How do you handle mold in an FHA appraisal?

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Doug in NC

Elite Member
Joined
Jan 17, 2002
Professional Status
Certified Residential Appraiser
State
North Carolina
Do you make the appraisal value "subject to remediation" since a "safety" issue is involved? Mold was noted in small patches on the ceiling of the master bathroom.
 

Mountain Man

Elite Member
Joined
Jan 15, 2002
Professional Status
Certified General Appraiser
State
Georgia
On the ceiling?? What was the cause? Roof leak, water line leak, flood pan under the AC unit clogged?

I would snap a photo, and call for an inspection. This is a new area since there are no real national or health standards for handling mold yet; but I certainly would pass the buck. :wink:
 

Shelley Holmquist

Freshman Member
Joined
Feb 26, 2003
Professional Status
Licensed Appraiser
State
California
You have to figure out whether it is a "mold" or just mildew from steam in the bathroom. Mildew wipes off extremely easily...
 

Ben Vukicevich SRA

Senior Member
Joined
Feb 9, 2002
Professional Status
Certified General Appraiser
State
New Jersey
Doug,

I always use the word "appears" since I haven't got a clue as to what type of mold it is or maybe. As Shelley stated, it may be mildew. Pass the buck. VC 11G it... such as "There appears to be mold growing on the ceiling of the master bedroom. The cause of the mold is to be eliminated, the mold is to be professionally removed and a certification that the mold has been satisfactorily removed is to be issued by the contractor." DON'T re-inspect it to remove the mold condition on your own. Let the DEU review the contractor's certification for acceptability. So when you go back, you can take a peek at it but I would just state under VC 11G on the Compliance Inspection Form....... "Underwriter to review the contractor's mold removal statement/certification for acceptability to HUD/FHA."

As Mel stated, you don't know the cause of the mold, it could be a roof leak, clogged AC pan, whatever..don't even look for it because you're not an expert...but write the VC sheet condition to call for the elimination of the cause of the mold, whatever that maybe.

Ben
 

Jeff Horton

Senior Member
Joined
Jan 15, 2002
Professional Status
Certified Residential Appraiser
State
Alabama
I would write it up because it didn't get there without moisture. That alone would concern me as a Home Inspector. Despite the mold there is a moisture problem of some kind. It might be simple to cure and it might not. But since your not an inspector or acting as one I would pass it up the ladder to someone else but not gloss over it either!!
 

Mike Garrett RAA

Elite Member
Gold Supporting Member
Joined
Jan 14, 2002
Professional Status
Certified Residential Appraiser
State
Colorado
I never handle mold....ewwwwwwww!!!!!

Call for an inspection, you are not an expert in mold are you? And if you are...is that a reflection on your personal housekeeping???? :D :D :D
 

EDWARD BERRY

Senior Member
Joined
Jan 15, 2002
Professional Status
Certified General Appraiser
State
Arkansas
YOU DO NOT KNOW WHETHER IT IS MOLD OR NOT( as an appraiser, no slam on your intellegence or experience)

Note it, picture it, and call for inspection and repairs-what ever they may be-Clorox and paint, removal of material or what ever.

If better is posted I will use it.=ed
 
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