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The battle of the MH addendums

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Tim Hicks (Texas)

Elite Member
Joined
Jan 15, 2002
Professional Status
Certified Residential Appraiser
State
Texas
I am at war with Wells Fargo Home Mortgage. I gave them a MH addendum, they will only accept theirs. Their addendum does not have any check boxes for "unknown".

Here is my wordy and repetitive response. It is wordy and repetitive because they don't seem to get my point.

Ms. Gilmore,

I received your message about the Manufactured Home addendum required by your underwriter. Please note, I included a Manufactured Home addendum in my original report. I can not and will not fill out your lender’s Manufactured Home addendum. This addendum has many questions that can only be answered by a licensed foundation inspector or engineer. I know of no appraisers that are also licensed engineers. Any appraiser who has filled who has filled out one of these addendums for your lender is most probably unqualified to answer these questions and has assumed liability for statements they can not support. Any questions regarding frost lines, soil conditions, foundation designed by an engineer, proper placement of piers, footings and tie downs is beyond the scope of a residential appraiser and should be deferred to a foundation inspection by a licensed engineer. I could possibly fill out your lenders addendum if their was a “unknown” check box, but there is not. That is why I utilize the Manufactured Home addendum provided by my software provider, because it has proper responses to answers outside our expertise and it answers the questions in their addendum that I can answer. Also, please note, that the subject property did not have the market’s typical and acceptable foundation at the time of inspection. My report is “subject to” a typical and acceptable foundation for the market area. I will not make false or unqualified statements about a property on any lenders Manufactured Home addendum purely to satisfy any demand by a lender or underwriter. I would suggest they order a foundation report from a licensed engineer or have an engineer inspect the foundation and fill out the addendum. Frankly, I am disappointed that a lender would expect an appraiser to answer these questions and more disappointed that some appraisers would fill out the addendum when they have no qualifications to answer these questions. If you should have any more questions on the above mentioned appraisal, please feel free to call.


Sincerely,






Tim Hicks, RAA
State Certified Appraiser


I know, I know, another client bites the dust, but an appraiser has to have principles. We don't need clients, just principles. :(
 

Farm Gal

Elite Member
Joined
Jan 14, 2002
Professional Status
Licensed Appraiser
State
Nebraska
Bravo!! JUST SAY NO! :twisted:

You are fighting the good fight, Tim!

May we copy and paste?

This could be the shot heard round the tables :wink:

I won't do em either so don't feel like the lone stranger :p
 

Bobby Bucks

Elite Member
Joined
Jan 27, 2002
Professional Status
Real Estate Agent or Broker
State
North Dakota
Tim I stay at war with Wells. I've fired them about 5 times but they keep returning. Obviously they treat everyone the same way. If I were you I wouldn't budge one inch on that addendum. It's funny, I'll go months at a time without anything from them and then BAM, 5 orders in one day. That tells me some other appraiser just had an issue with them and dumped them. Hey, I've got a late one for them sitting right here....no wonder their phone monkeys are screaming at my voice mail.........ooops......seems I misplaced that order again.
 

Tim Hicks (Texas)

Elite Member
Joined
Jan 15, 2002
Professional Status
Certified Residential Appraiser
State
Texas
yes, I am taking a bullet for the team. Now, lets get united on this!
 

Jo Ann Meyer Stratton

Elite Member
Joined
Jan 16, 2002
Professional Status
Certified Residential Appraiser
State
Arizona
Good for you Tim!!!!

If I understand it, it is a form they just want you to sign without any place or ability to write additional comments?
 

Willie

Senior Member
Joined
May 30, 2002
Professional Status
Certified General Appraiser
State
Tennessee
Tim, been there done that. I usually just pencel in unknown, or leave it blank. Usually works. Don't worry to much about it, the next big wind storm will probably alleviate your problem, LOL.
 

Wally Jones

Senior Member
Joined
Jan 23, 2002
Professional Status
Certified Residential Appraiser
State
Florida
Good show, Tim. Hang in there. And, as a coincidence, I had a call this morning from a loan officer who said I marked "Unknown" for all the foundation items. Believe it or not, I am the (say it with me......) "only appraiser to ever do such a thing"!!

She made a reference to undue delays and I agreed that was just awful especially when they could usually be avoided with a little planning. Uh-oh, I hope she didn't think I was being sarcastic. :wink:
 

Willie

Senior Member
Joined
May 30, 2002
Professional Status
Certified General Appraiser
State
Tennessee
Tim, I have told lenders many times that " I wasn't out there when they poured the footer. To know for sure, jack the home up or pull it over, get a back ho out there, dig around each and every footer, so I can see how deep it is, and call me and I'll go out and look". Noone has ever done it. I don't worry too much though, as we have a shallow frost line in TN.
 

USPAP Compliant

Elite Member
Joined
Jan 15, 2002
Professional Status
Certified Residential Appraiser
State
North Carolina
How about "condition" of the HVAC? That is another UNKNOWN for me. So is insulation inside the walls. Unless I remove all the sheetrock/or paneling...how the heck do I know if it is insulated....or just a little stuffed arond the outlets and switches ( yep, I have seen that done before).

We should all only state what we KNOW....not what someone else needs on some form.
 

Tim Hicks (Texas)

Elite Member
Joined
Jan 15, 2002
Professional Status
Certified Residential Appraiser
State
Texas
The processor just called. they do not what to do. They have never had an appraiser refuse to fill out their addendum. What a shock! I know several appraisers who say, "who cares, just fill it out!".
 
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