• Welcome to AppraisersForum.com, the premier online  community for the discussion of real estate appraisal. Register a free account to be able to post and unlock additional forums and features.

Mold Question

Status
Not open for further replies.

bororke

Freshman Member
Joined
Jun 14, 2013
Professional Status
General Public
State
Florida
I am an UW reviewing an appraisal where the original appraisal showed cleared evidence of mold on the basement walls. The appraiser stated that he recommends a mold remediation professional to determine the extent of the mold and cost to cure.

Now I am being presented with a 1004D reflecting that the wall was just torn down without a mold remediation specialist involvement.

The appraiser is not qualified to decide whether this has been re mediated, correct?

This is a FHA loan and the handbook appears to state that the specialist must be involved?

Can anyone provide some feedback on the matter?
 

Elliott

Elite Member
Joined
Apr 23, 2002
Professional Status
Certified General Appraiser
State
Oregon
When I see mold, I usually require its removal and treatment if necessary. I try to put a qualified professional or a contractor between me and the liability if I'm going to sign a 1004D for Handbook 4000.1. If I had concern about a mold area and when I did the re-inspect the mold was gone, I'd probably want a statement from someone about its removal. But beyond that I'd normally be satisfied. Mold was a hot topic a few years ago and it seems have lost some of its popularity and replaced by radon detection (because it involves expensive equipment).
 

glenn walker

Elite Member
Joined
Oct 11, 2006
Professional Status
Certified Residential Appraiser
State
California
The appraiser is not qualified to determine BUT you say the wall was torn down ? What was behind the wall DIRT?
 

Meandering

Elite Member
Joined
Feb 26, 2006
Professional Status
Real Estate Agent or Broker
State
Pennsylvania
I am an UW reviewing an appraisal where the original appraisal showed cleared evidence of mold on the basement walls. The appraiser stated that he recommends a mold remediation professional to determine the extent of the mold and cost to cure.

Now I am being presented with a 1004D reflecting that the wall was just torn down without a mold remediation specialist involvement.

The appraiser is not qualified to decide whether this has been re mediated, correct?

This is a FHA loan and the handbook appears to state that the specialist must be involved?

Can anyone provide some feedback on the matter?

Mold is a microscopic organism that lives where there is moisture.

No specialist is needed to tear out a wall, as that wasn't the question.

The question was, if the stains were mold (requires a specialist) and the follow up question is, has any moisture issue that promoted the growth of a mold in the first place, been remediated (requires a specialist).

The "wall" was not the issue, only the evidence,

which has now been removed.

.
 

residentialguy

Elite Member
Joined
Mar 24, 2009
Professional Status
Certified Residential Appraiser
State
Minnesota
if the stains were mold (requires a specialist) and the follow up question is, has any moisture issue that promoted the growth of a mold in the first place, been re-mediated (requires a specialist).

The "wall" was not the issue, only the evidence, which has now been removed.

:clapping::clapping::clapping::clapping:
 

Mr Rex

Elite Member
Joined
Jan 12, 2004
Professional Status
Certified Residential Appraiser
State
North Carolina
Removal of the wall may not have removed all of the spores. Airborne spores are the health hazard. If not remediated properly any dust left behind has the potential to be toxic.
 

Mr Rex

Elite Member
Joined
Jan 12, 2004
Professional Status
Certified Residential Appraiser
State
North Carolina
No, but they can sample and re-clean until the levels are below established acceptable levels.
 

Meandering

Elite Member
Joined
Feb 26, 2006
Professional Status
Real Estate Agent or Broker
State
Pennsylvania
Do mold specialists come with a no mold spore left behind guarantee? :ROFLMAO:


Ever see the spray foam crap they spray on studs in basements that had mold issues? Nothing lives in it.

The other Mold issue,
is central heating and AC ducts.

Spores in there are spread throughout the dwelling.

.
 

fractal7221

Member
Joined
May 26, 2011
Professional Status
Banking/Mortgage Industry
State
Pennsylvania
I am an UW reviewing an appraisal where the original appraisal showed cleared evidence of mold on the basement walls. The appraiser stated that he recommends a mold remediation professional to determine the extent of the mold and cost to cure.

Now I am being presented with a 1004D reflecting that the wall was just torn down without a mold remediation specialist involvement.

The appraiser is not qualified to decide whether this has been re mediated, correct?

This is a FHA loan and the handbook appears to state that the specialist must be involved?

Can anyone provide some feedback on the matter?

If the appraisal was made subject to inspection by a qualified professional, your loan condition needs to be satisfied with documentation from the party performing the inspection. If the inspection recommends remediation, you will need further documentation from the firm that completed the remediation. A 1004D completed by an appraiser shouldn't have been ordered and really adds nothing; if the appraiser stated that they are not qualified to diagnose the problem, why would they be qualified to determine if the problem was successfully treated? Too many underwriters are under the mistaken assumption that a 1004D is required for any appraisal marked "subject to..."
 
Status
Not open for further replies.
Find a Real Estate Appraiser - Enter Zip Code

Copyright © 2000-, AppraisersForum.com, All Rights Reserved
AppraisersForum.com is proudly hosted by the folks at
AppraiserSites.com
Top

AdBlock Detected

We get it, advertisements are annoying!

Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features of our website. For the best site experience please disable your AdBlocker.

I've Disabled AdBlock
No Thanks