"Hurry, Rush, Alarm! We were supposed to close yesterd

[Caterina Platt]

Yikes! Mortgage broker asleep at the wheel, doesn't pick up the file for 2 solid weeks. Closing yesterday. 'Uh, duh, Oh ya! There were repairs required here weren't there?' Now we all run around like chickens trying to save a 3 way chain reaction sale/purchase/sale transaction before the seller walks out of frustration.

FHA newbie stupid question #1

When I've required repairs on the VC, I did find that a licensed professional in the field concerned needs to certify repairs have been done on thier company letterhead. Does an FHA inspector also need to complete Form 92051?

#2 Does the licensed professional need to complete any other docs.?

#3 If a Form 92051 is needed (these were repairs to an existing older home), does FHA order the inspection from another inspector, or does the original FHA appraiser complete this?

 

[Caterina Platt]

In the interim, finally found the Denver HOC toll free number. 1-800-543-9378 for anyone interested.

Got the questions answered
#1 NO

#2 NO

#3 Original appraiser would do an inspection only if the repairs were considered minor eg. paint, plaster... nothing that would require a license.

 

[Wally Jones]

Caterina,

I saw the heading of your message and thought my favorite (NOT) lender had signed on the forum. 8O

Glad you were able to resolve your questions so quickly.

 

[Mike Garrett RAA]

That aint nothin....darlin. I received a call last week. We were at the closing table when we noticed the appraisal was on a different property..we sent you the wrong address, could you go do the right house and get it back to us in an hour while everyone has lunch?

I said, for $2500 I will personally deliver it to the closing...otherwise it will be a couple of days. Closing was postponed til the next week.

 

[Ross (CO)]

Mike, Thank you for pioneering appraisers' efforts to establish new benchmark fees for these "rush" assignments. If those fish bite on that bait, do please let me know ! LOL, see ya' soon, Ross

 

[wade3333]

Mike, you win. I have had rush assignments but never one like this. I thought I had seen everything. Wade So Ga