HUD/FHA --What is the equivalent...

[Bob Henderson]

PLEASE URGENT. WHAT IS THE HUD/FHA COMPLETION FORM THAT IS THE EQUIVALENT OF THE FREDDIE MAC / 442? THANKS.

 

[Dick Dolman]

HUD Form 92051.

http://www.hudclips.org/sub_nonhud/html/np...m&p=1&r=135&f=G

 

[Bob Henderson]

Underwriter is insisting that the form has 19 blocks to check..the form noted only has 18...boxes...could the underwriter be referring to an old form? or a different form? Thanks again.

 

[Ben Vukicevich SRA]

Dick,

Now you're really being bad. LOL. You're going to let Bob loose on this form with no instructions????Hell, I can't even fill it out correctly and I've been looking at it for 22 years. It's a scary form for the novice

Seriously, Bob if you're just looking at the form, Dick has given you the correct one. It should also be in your appraisal software-I know Clickforms and Total have it.

If you're going to fill it out, there are instructions. Dick probably knows the Handbook number-he's probably got it right on his desk up there in Alaska. I think my copy is at home so it's not in front of me. If you need it, post and I will go look for it. It's really old-1970's stuff.

Don't do a final inspection on a new home with this form. You must be an FHA fee inspector to do so.

Ben

 

[Dick Dolman]

Bob,

The 19th box is "None" but isn't numbered. There are 6 Handbook references at the bottom right of the form but I don't remember which is the most helpful. Email me at AMC@alaska.com with your fax no. and I'll fax back a completed form in an actual case. Then you I will be the only ones that know how to do one. If it is a new construction case, never mind, it isn't applicable to your assignment.

 

[Bob Henderson]

THIS IS A FINAL INSPECTION FOR A NEW HOME. IT IS NOT AN INSPECTION WHERE REPAIRS WERE REQUIRED. THE APPRAISER IS NOT ON AN APPROVED LIST FOR SUCH. AGAIN THE UNDERWRITER IS INSISTING THAT A FORM IS AVAILABLE FOR INSPECTING..DOING A FINAL ON A NEW HOME JUST AS A 442 IS USED.

QUESTION ...IS THIS FORM FOR NEW HOME "FINALS" OR NOT...
IF NOT WHAT FORM IF ANY IS REQUIRED.... THANKS IN ADVANCE..
SORRY, BUT AGAIN THIS IS NOT FOR ME..BUT FOR A FRIEND..AN APPRAISER WHO IS TRYING TO DO A "FINAL" ON A NEW FHA/HUD FINANCED HOME.

 

[Dick Dolman]

Bob, et al.

The HUD Form 92051 is a catch all form designed for use by Fee Inspectors, DE Staff Inspectors, HUD Inspectors and Fee Appraisers. Yes the form is for used for certification of completion of construction but only by a HUD approved inspector, which appraisers typically are not. Your friend's client should have assigned an inspector to the case when the conditional commitment for proposed construction was issued.

 

[Dick Dolman]

Ben,

My books and sample forms are so old there aren't any nines in front of the form numbers. The forms have carbon paper and are so thick that only an Underwood manual typewriter could hammer an impression onto copy 5. I don't want to open them because I would like them to be in reasonably good condition when they arrive at the Smithsonian.

 

[Don Clark]

8) To correctly do an FHA Appraisal, and a final inspection, it is first necessary to have a DEU that knows what the hell they are doing. If the problem persist, and you(or your friend :roll: ) are not qualified to do a final on new construction, call the REAC in DC. go to:

www.HUD.gov/groups/appraisers.cfm

That will lead you to a number that you can contact REAC by.

Don

 

[Ben Vukicevich SRA]

Bob,

Have your friend tell the DEU to avoid the final inspection issue altogether by accepting the CO from the municipality.

There's a thread in this very forum posted by lizindy in which I stated the reference on the CO being accepted as the final inspection. It's from the NAIFA website. The specific mortgagee letter is also listed by NAIFA for the DEU to review

Everyone is correct, the fee appraiser can not do the final

Ben