residentialguy
Elite Member
- Joined
- Mar 24, 2009
- Professional Status
- Certified Residential Appraiser
- State
- Minnesota
Here is a list of suggested preparations to send to the agent/homeowner which can significantly reduce the amount of time an appraiser must spend in a home as well as to reduce the number of re-inspections necessary to comply with these HUD mandates. This is not intended to be a complete list, and there may be other conditions found upon inspection that could affect the reporting and require correction. However, being proactive in correcting obvious deficiencies will spare time and expense. Please feel free to add to this list.
Dear (homeowner and/or listing agent)
I will be doing a inspection for a FHA loan. FHA requires that certain standards be met. Below is a list of typical inspection issues that hold up the closings of FHA transactions. Please look this over and make sure that the property complies in order to avoid later repairs and re-inspection. This is not intended to be a complete list, and there may be other conditions found upon inspection that could affect the reporting and require correction.
Please reply to this e-mail stating that the following requirements have been met.
• All utilities must be turned on. The appraiser must test representative electrical outlets and switches. Please make sure all have operable light bulbs. In a vacant house, utilities must be restored to the building. The appraiser must disclose whether utilities are on/off and must return for another inspection when they are on.
• Homes built prior to 1978 which have peeling or flaking paint on any surface (exterior & interior) - including outbuildings, sheds, fences, etc., will be called for repair.
• The appraiser must check representative smoke detectors. Please be sure they are working and accessible.
• The appraiser must have access to the attic , via scuttle and/or drop stairs, as well as access to crawl spaces. Please ask sellers to clear the access to the scuttle. If the scuttle door is located in a closet, please clear the closet contents. Please leave the scuttle door open. The appraiser will not break the seal of a sealed scuttle, nor clear the area of personal belongings due to issues of liability. A return inspection will be required if these areas are not prepared.
• Please disengage computer settings on automatic thermostats (set back type). The appraiser must check the operation on heating and cooling systems and will not want to alter the system settings.
• For properties which include a well and/or septic, please indicate the location of the well head and/or septic drain field, if known.
• The appraiser must test windows for proper operation. If windows are painted shut, please free them and make sure they are operating properly. In addition, security bars must have inside safety release latches allowing ingress/egress in the event of an emergency.
note: I didn't add the appliance issue, as appliances are not considered part of the property in MN
APPENDIX D: VALUATION PROTOCOL
http://search.HUD.gov/search?q=cache
VKd5WHY1CAJ:www.HUD.gov/offices/adm/hudclips/letters/mortgagee/files/41502xd.doc+garage+door+(site%3Awww.HUD.gov%2Foffices%2Fadm%2Fhudclips%2Fletters%2Fmortgagee+)&output=xml_no_dtd&ie=UTF-8&client=hudclips_letters_mortgagee&proxystylesheet=default_frontend&site=default_collection&access=p&oe=UTF-8
Dear (homeowner and/or listing agent)
I will be doing a inspection for a FHA loan. FHA requires that certain standards be met. Below is a list of typical inspection issues that hold up the closings of FHA transactions. Please look this over and make sure that the property complies in order to avoid later repairs and re-inspection. This is not intended to be a complete list, and there may be other conditions found upon inspection that could affect the reporting and require correction.
Please reply to this e-mail stating that the following requirements have been met.
• All utilities must be turned on. The appraiser must test representative electrical outlets and switches. Please make sure all have operable light bulbs. In a vacant house, utilities must be restored to the building. The appraiser must disclose whether utilities are on/off and must return for another inspection when they are on.
• Homes built prior to 1978 which have peeling or flaking paint on any surface (exterior & interior) - including outbuildings, sheds, fences, etc., will be called for repair.
• The appraiser must check representative smoke detectors. Please be sure they are working and accessible.
• The appraiser must have access to the attic , via scuttle and/or drop stairs, as well as access to crawl spaces. Please ask sellers to clear the access to the scuttle. If the scuttle door is located in a closet, please clear the closet contents. Please leave the scuttle door open. The appraiser will not break the seal of a sealed scuttle, nor clear the area of personal belongings due to issues of liability. A return inspection will be required if these areas are not prepared.
• Please disengage computer settings on automatic thermostats (set back type). The appraiser must check the operation on heating and cooling systems and will not want to alter the system settings.
• For properties which include a well and/or septic, please indicate the location of the well head and/or septic drain field, if known.
• The appraiser must test windows for proper operation. If windows are painted shut, please free them and make sure they are operating properly. In addition, security bars must have inside safety release latches allowing ingress/egress in the event of an emergency.
note: I didn't add the appliance issue, as appliances are not considered part of the property in MN
APPENDIX D: VALUATION PROTOCOL
http://search.HUD.gov/search?q=cache
VKd5WHY1CAJ:www.HUD.gov/offices/adm/hudclips/letters/mortgagee/files/41502xd.doc+garage+door+(site%3Awww.HUD.gov%2Foffices%2Fadm%2Fhudclips%2Fletters%2Fmortgagee+)&output=xml_no_dtd&ie=UTF-8&client=hudclips_letters_mortgagee&proxystylesheet=default_frontend&site=default_collection&access=p&oe=UTF-8
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