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HUD-54891

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MARKETVALUE

Thread Starter
Sophomore Member
Joined
Feb 11, 2002
Professional Status
Certified Residential Appraiser
State
Georgia
Hey gang-

Anyone seen this piece of garbage? Apparently its an 'old FHA form' that this particular down payment assistance program requires.

I'm getting beat up b/c I feel I am not licensed nor qualified to answer the questions. Of course, I am the only appraiser out of the thousands this lady deals with that refused to answer the form.

Let me know if anybody knows about this form or is comfortable with the verbage.

My standard 'None noted' and refusal to check yes or no is upseting some people.

MRM
 

larryhaskell

Senior Member
Joined
Apr 23, 2002
Professional Status
Certified General Appraiser
State
Nevada
Why wouldn't that form still be good it only expired in 94? I certainly hope that isn't the form the UW wants. Scary!
 

Larry Lyke

Senior Member
Joined
Feb 2, 2002
MARKET --

Just politely inform your underwriter that the form was absorbed by the CVP package, especially the URAR (6/93), the HUD-92564-VC (6/99), and the HUD-92564-HS (6/99).

Probable one of those part-time people working overflow after a decade of retirement.

Be a good guy and get her up to speed in the next couple of months!
 

MARKETVALUE

Thread Starter
Sophomore Member
Joined
Feb 11, 2002
Professional Status
Certified Residential Appraiser
State
Georgia
yes-

that is the form.

Very obscure dp program needing it and making me out to be the deal killer.

how else can I possibly answer those questions other than 'not licensed nor qualified' or 'unable to render opinion' ???

Iask for them to provide the documentation neccesary for me to be edified and I become the only appraiser in the professions history to have the audacity. And obviously the only one to concern his or herself w/ liabilty.

Get your rubber stamp somewhere else, they wont have this appraiser to get around when someone finds indian bones in three years or realized the developer killed off the last known parisian brown roach in north GA

MRM
 

Larry Lyke

Senior Member
Joined
Feb 2, 2002
MARKET --

Somehow I missed your response. Are you saying that you do want a copy of this form or not?

If you want a copy you can obtain it from HUD's website or I'll fax you a copy of it, although it's all the things I said it was...

AND, all the information it calls for is already included in the URAR, albeit in a little different format.
 

MARKETVALUE

Thread Starter
Sophomore Member
Joined
Feb 11, 2002
Professional Status
Certified Residential Appraiser
State
Georgia
No, I have a copy.

I've got a problem with the yes and no format of the form. Seems awfully permanant with no CYA for us.

How can I possibly answer the soil, historical/archeological and decibal questions?

Maybe I'm making too big a deal of it

Let me know what you think

MRM
 

Larry Lyke

Senior Member
Joined
Feb 2, 2002
MRM --

My attitude is that I would push the UW back in to her corner and add an addendum to the appraisal stipulating that the form is obsolete because it has been incorporated into the newer URAR and Compliance Inspection form(s) circa 1993!.

Failing that: I never hesitate to use "N/A" or "Unk" or "Don't know" in filling out rather abstruse forms calling for information that's vague or inconsequential.

I'm not being a smart guy about this at all. Every situation can be extorted to its irreducible pettiness by a hardcore curmudgeon

You are right, of course, that a yes-or-no format is a minefield.

On the soil or other unknown information, in a form I would put "Intentionally not pursued; improvements existing" or something equally obvious to the reader.

Tongue in cheek you might indicate that no archeological digs or ancient historiographical information sought. The decibel question would only pertain near, in or around an airport of consequence (i.e., usually above a corporate-jet size airport).
 

MARKETVALUE

Thread Starter
Sophomore Member
Joined
Feb 11, 2002
Professional Status
Certified Residential Appraiser
State
Georgia
Larry-

OK, spell this one out for me.

How did one fill this form out when it was active?

As I've eluded to, did everyone rubber stamp the damn thing or are there resources available to accurately answer the question?

Hanging my hat on my previous post, If they find an Indian burial ground in three years on site, then what does that mean for the guy who cleared that the lot doesnt or nor will it effect an archeological/historical site?

And define an expansive soil for me and how the hell I can identify it...

See where I'm going here, impossible questions for someone with my feable one track mind.

I am very creative in my comments on reports so I dont mind typing an addenda b/c figure i can cover my A** that way, but that is unacceptable, they have to have this form.

At this point we are past the LO and up into management who understands my position but nonetheless has to have this form per this specific programs guidelines.

This is waiting on me after a lovely three day weekend ahead..oh the joys of working for yourself.

More input please....

MRM
 

Larry Lyke

Senior Member
Joined
Feb 2, 2002
MRM --

A very long response, but feel it's necessary in order to cover all issues you're still keeping alive. If you still have questions, please be very specific.

I can barely remember if I ever used this form myself. But there's a pile of old forms that used to be used at the whim of the UWs' requests -- single item 1-page addenum(s) were quite popular and came and went depending on the underwriter.

We used to have about 50 pigeonholes of single issue addenda that you'd just add to your appraisal before going to the client and when they asked for something else, you'd just pull that one, sign it and mail it over to them, almost as if the processor was calling for these addenda prior to giving the package to the UW.

There is no secret as to how it was filled out. A check-box form used check marks. Question-type forms got an essay sentence. These were the days when if the appraiser said something, that was good enough for the lender.

BEGIN QUOTE "Hanging my hat on my previous post, If they find an Indian burial ground in three years on site, then what does that mean for the guy who cleared that the lot doesnt or nor will it effect an archeological/historical site? END QUOTE --------- There's no reason to stress over this issue: A burial site issue would go back as far as a land patent, I would suspect. We aren't talking about new construction according to your previous post. Therefore, it would become more of a title issue, something an appraiser could hardly know, unless you've got crop-circles appearing every July at 2 days minus new-moon... or something equally mystical!

"Expansive soil" is beyond my intelligence. Sometimes it's wiser to be feeble[-minded].

You imply that your client is still demanding this form? What specific program are they talking about. If they have someting specific in mind, they ought to be able to cite references from it allowing you to go to a website and see if for yourself. This assumes that this program is a public program, i.e., gov't -- as opposed to a private investor.

The latter gets sticky, Nevertheless, the client ought to be able to start the ball rolling by putting their request in writing, so you can adequately address the issue by putting in writing your response about this obsolete form and how it's been superseded, etc. It ought to make the issue go away. Perhaps, piecemeal by going back and forth in writing -- some clients are just that stubborn!!

Now we've come full circle.

I work every day of the year, including leap year, seems. Hey, I've been in love with my job for at least 20 years. Can't think further back ...
 
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