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Pool Issue

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SunbeltAppraisals

Thread Starter
Sophomore Member
Joined
Aug 29, 2007
Professional Status
Certified Residential Appraiser
State
Florida
I have an FHA appraisal on a pool home. The subject has been vacant for sometime therefore the screened in pool is green. The pool is functional however green. How should i address this in the report?

:new_multi:
 

BRCJR

Elite Member
Gold Supporting Member
Joined
Sep 20, 2005
Professional Status
Licensed Appraiser
State
Virginia
I believe a comment in regards to it being a possible sanitary issue is all you need to concern yourself with. I guess you could make a case about "is it safe to use the pool" also, but I think that returns to sanitary.

Never run across that issue before.
 

BR549

Sophomore Member
Joined
Aug 6, 2002
Professional Status
Licensed Appraiser
State
Texas
I have never run across this either, to my knowledge HUD does not specifically say the water has to be clean for a pool. It does need to be fenced, however if it is "mosquitoville"??
Just remember, you are the EYES AND EARS of the lender and HUD. STATE IT IN THE REPORT!
Unless it appears to be a sanitary issue, just state it and go, I would suggest. If in doubt, call your regional center, get their opinion and note it in your filel
 

Metamorphic

Senior Member
Joined
Mar 15, 2008
Professional Status
Certified Residential Appraiser
State
California
It wasnt a FHA but we did a green pool on an REO a couple months ago. We reported it, and went one step further and took a quick peek at the pump filter equipment. We reported that pump equipment was in place, apparently intact, and then recommended an inspection by an appropriately trained contractor to determine if the equipment was non-function or just turned off.
 

hambone

Sophomore Member
Joined
Jun 12, 2008
Professional Status
Certified Residential Appraiser
State
Arkansas
HUD requires pool to be clean and functioning properly, covered with an acceptable pool cover (not just a tarp), or filled in.

per previous conversations with HUD.
 

BR549

Sophomore Member
Joined
Aug 6, 2002
Professional Status
Licensed Appraiser
State
Texas
Thanks Hambone, is this post VC Sheets?
 
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