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Manufactured ?

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Bemis Pownall

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Appears to have been resided,,,yup no tags :cry:

Looked all over inside for compliance form or tags nada :cry:

Bay window added, from floor to about 6' high. Floor extends into this addition/bay wndow area.

Garage connected to one end, no access from home to garage however. Appears to code..

Will FHA accpt this?? No tags and the bay window??

TIA
Thanks in Advance
 

Mountain Man

Elite Member
Joined
Jan 15, 2002
Professional Status
Certified General Appraiser
State
Georgia
Bemis,

Man, I hate those. They are a no win, and you'll look like the bad guy. But what I have learned from a previous post of JoAnn is: If the data plates or HUD labels have been removed or covered up, it is the underwriters responsibility to contact the Washington DC office to verify that the home was built to HUD code per the National HOC Reference Guide.

Okay, so you know that the UW is being paid about $250 a piece to cram these loans through, and you are going to get into is a phone call contest between you and the LO. But do NOT sign any of those stupid "Manufactured Home" addendums swearing to the foundations, codes, etc. Let 'em get an engineer and the docs from D.C. says me.
 

rtubbs

Junior Member
Joined
Jan 15, 2002
Bemis, read the HUD Homeownership Center Reference Guide. It's one area that HUD guidance is black and white.

"If for any reason the tags are missing, appraisers must REJECT (their capitalization) the property and notify the lender".

Well, did I say black and white? How does an appraiser reject the property? I believe the appraiser recommends to the lender that the property be rejected. At what point does the appraiser recommend rejection. Seems foolish to prepare a complete appraisal that you know will not be used; but that is a different problem.
 
Joined
Jan 13, 2002
Professional Status
Retired Appraiser
State
Florida
I have rejected a property, more than once. I complete the Appraisal and state on the URAR and in the VC that the property does not conform to the FHA/HUD Handbook 4150.2 - giving the reason(s).

It is what it is, doesn't matter what the HO or LO want it to be. Just one more that will create a fight and potential lost client. If the client causes lots of trouble over it..... fire 'em.
 
B

Bemis Pownall

Guest
Thanks guys

actually I did the box next door, FHA..
The engineer flunked the foundation..
Same buyer for this box,,,what a wierd subdivision...
Across the street there is a manu which was turned into a trilevel???

Thanks Again

:icecream:
 

Jo Ann Meyer Stratton

Elite Member
Joined
Jan 16, 2002
Professional Status
Certified Residential Appraiser
State
Arizona
When I made that comment about missing HUD tags, I had gotten my information from the National HOC Referance Guidelines that was issued 8-20-2000. I just double checked the guidelines and discovered they have dropped off a paragraph from the original 2000 guideline. So I will type the info that originally showed up in the guidelines.

"In some states a manufactured home may not be re-sold if missing a seal. If this is the case, the property is a reject. However, a lender may contact the NCSCS (Housing Building Technology Division) and request issuance of a letter stating that the home was in fact HUD labeled. ------(The information on the data plate inside the home is not an acceptable alternative) The lender/home owner need to obtain the serial number(s) of the home from the data plate found inside the home, or the serial numbers found on the steel chasis under the home. With these numbers the HUD and the NCSCS can research to see if in fact the home was properly labeled.""

I wonder why they dropped that paragraph?? I have done something similar myself when I had a manufactured home that had the HUD label covered up or missing. I have called the Inspection Agency that would appear on the data plate, give them the serial number that was also on the data plate and they would send me a statement that I included in my appraisal report. The three alpha characters of the HUD label number indicate which inspection agency did the inspection of the home while it was under construction in the factory. A list of Inspection Agencies can be obtained at http://www.HUD.gov/FHA/sfh/mhs/mhsid.html

So if I had an appraisal order for a FHA loan on a manufactured home, couldn't find or see the HUD label, I would find the data plate inside the home, take photos, write down everything I could find from that data plate in my notes. If I couldn't find the data plate either, I would ask the home owner for their proof of ownership--title to the home for example. From that document I would again get all the information I could find, year, make, model, serial numbers, etc. Then when I got back to the office, call the lender and give them all the information I can. If they don't want to deal with it and cancel the order, fine with me--charge a trip fee. If they want to go through the procedures available to them to verify it was built to HUD code, then I can continue onward with my report--with the condition that verification is completed by the lender. I will have the verification of the data plate (and a photo for the report) that it is a manufactured home so I can identify the appropriate comparables to consider.

Info and photos of the data plate have now become very important for Fannie Mae--their new guidelines refer to that info.
 

Jo Ann Meyer Stratton

Elite Member
Joined
Jan 16, 2002
Professional Status
Certified Residential Appraiser
State
Arizona
Just discovered that HUD has changed addresses on me:

For lots of good information on manufactured homes:

http://www.HUD.gov/offices/hsg/sfh/mhs/mhsome.cfm

The site I was attempting to get to regarding inspection agencies:

http://www.HUD.gov/offices/hsg/sfh/mhs/mhsid.cfm
 

Richard Carlsen

Elite Member
Joined
Jan 15, 2002
Professional Status
Licensed Appraiser
State
Michigan
Thanks for the info Jo Ann. I too did not know they had dropped that part.

If there were no HUD Tags on the outside nor manufacturers label inside, I would do the appraisal in the normal way, approximating the age etc. and then condition the report on certification of the date of manufacture and the supplying of the HUD numbers for inclusion on an addendum to the report.

Put the monkey on the owner’s shoulders for getting this info. Researching this type of info is not part of the appraisal process.
 

Tim Hicks (Texas)

Elite Member
Joined
Jan 15, 2002
Professional Status
Certified Residential Appraiser
State
Texas
Jo Anne, you are the greatest. I actually held back on posting on this subject because I knew you would be more thorough than I would ever be. Please let us know in advance if you plan on taking a vacation or something. I will not delay my answers those two weeks a year. :)
 
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