- Sep 19, 2007
- Professional Status
- Certified Residential Appraiser
Hello, I hope that someone has some experience or knows something about this situation. I was contacted by a private citizen to order an FHA appraisal, I thought this a little unusual as it is the lender who orders the appraisal, in my experience. The back ground is that he wants to buy back his deceased mothers home that was subject to a reverse mortgage. The lender told him that he needed to seek out an FHA appraiser to appraise the property in order to establish a basis for the purchase. I've never heard of such a thing before, does this make any sense to anyone or am I making this more complicated than it needs to be? I mean, where does the FHA # come from, do I need to contact the lender to establish a relationship? Shouldn't the Lender select the appraiser? I have already set a tentative appointment time regardless, Just looking to dot all my "I"s and cross all my "t"s. I would appreciate greatly if someone who is familiar with this situation to chime in or anyone with an opinion as well.