Shut the Lights

[Mike Boyd]

It would also be nice if FHA/HUD went back to a clear and definitive explanation of what the appraiser IS or IS NOT to consider health and sfaety 'issues' because they have re-written the rools so many times that even they don't know their own rules.


Me? I don't care what the rules are - I just want to know (not guess) what this weeks rules are and make sure the ref is calling the plays evenly!

Don't sweat it. Just use your best judgment and if the underwriter doesn't like it they can eliminate the condition you have imposed. Err on the side of the borrower as far as health and safety issues.

 

[The Warrior Monk]

I am willing to bet residential appraisers will again be in high demand...only now it will be to attack other appraisers's lousy appraisals. Can you say...."Sharks smell blood in the water?".

Requests for reviews are way up. However, we have yet to do one. We quote a review fee and a separate appraisal fee if the original report is a POS and the client need a new appraisal. We're certainly not cleaning up someone else's mess for less than the person that mess in the first place charged.