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Peeling Paint

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Tudor

Member
Joined
Aug 15, 2006
Professional Status
Certified Residential Appraiser
State
Arizona
Regarding homes built prior to 1978 that have peeling paint:

How big of an area must be cracked, chipped or peeling, before you call for it to be repaired?

From my understanding (having been told this since 1993) is that ANY CCP (cracked, chipped, peeling) paint surfaces must abated.

Recently I have been told by Lenders/Brokers that FHA does not care about it that much. Have also been told by the Loan Officer and FHA Fee Inspector thought I was too picky.

I am curious what other FHA Veterans think about the CCP paint issues.
 

Mr Rex

Elite Member
Joined
Jan 12, 2004
Professional Status
Certified Residential Appraiser
State
North Carolina
http://www.HUD.gov/offices/adm/hudclips/letters/mortgagee/05-48ml.pdf
 

William K

Senior Member
Joined
Sep 21, 2007
Professional Status
Certified Residential Appraiser
State
Illinois
Any surface gets reported if it is CCP.
The underwriter wants to wave it ,so be it.

I
 

William K

Senior Member
Joined
Sep 21, 2007
Professional Status
Certified Residential Appraiser
State
Illinois
Any surface gets reported if it is CCP.
The underwriter wants to wave it ,so be it.
 

ZZGAMAZZ

Senior Member
Joined
Jul 23, 2007
Professional Status
Certified Residential Appraiser
State
California
I had a MB tell me last week--after I conducted a CIR for LBP remediation--that the D.E.U. wanted me to remove all reference to LBP from my original report ???

The FHA venue is merely another arena for MB's to deceive the appraiser. I am preparing to call FHA this morning to ask how to respond and I will provide the FHA Case# so HUD can discuss the issue with the D.E.U.--although obviously it will be my last assignment from this client and another $10K - $15K decrease in annual income.

(Another potential scenario is that the D.E.U. who works for a Mortgage Banker actually wants the appraiser to conceal this issue so the FHA guidelines don't come into play...don't guess we'll ever know...)
 

stefan olafson

Senior Member
Joined
Apr 2, 2003
Professional Status
Certified General Appraiser
State
North Dakota
If you find chipped, cracked, or peeling paint on pre 1978 property you have to report it in the appraisal. It's a safety concern for small children who apparently like to chew on paint chips?
 

Tudor

Member
Joined
Aug 15, 2006
Professional Status
Certified Residential Appraiser
State
Arizona
Something else I forgot to mention. The LO told me that the loan went thru without the DE underwriter even seeing the appraisal. So not sure what is exactly going on. I know they try to underwrite themselves. They had issue with the repairs I called for, so I told them to talk to the DE Underwriter and if they agree with you they can wave the repairs. They didn't like that very much.
 

Tudor

Member
Joined
Aug 15, 2006
Professional Status
Certified Residential Appraiser
State
Arizona
If you find chipped, cracked, or peeling paint on pre 1978 property you have to report it in the appraisal. It's a safety concern for small children who apparently like to chew on paint chips?

I mention this to the client's. Their response "They don't have children, so its not an issue for them"

If I see any CCP I call for it, just curious how others deal with people trying to tell us how we should do our jobs.
 

stefan olafson

Senior Member
Joined
Apr 2, 2003
Professional Status
Certified General Appraiser
State
North Dakota
Are there kids in the neighborhood? The town? Who's going to be the next buyer? Will they have kids? It's something HUD has been very strict on for many years. If there is peeling paint, etc then report it!
 

Tim Hicks (Texas)

Elite Member
Joined
Jan 15, 2002
Professional Status
Certified Residential Appraiser
State
Texas
Geez, report it as required. It makes me wonder if appraisers check for painted shut windows. Just how do they get those windows open without causing chipped and pealing paint issues?
 
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