Timeframe for VA reinspection- Colorado

[Proactive]

The OP's property falls under the Denver RLC. I just double checked and nothing in our handbook addresses a timeliness requirement for repair inspections. Nothing in the Lender Handbook either.

 

[BayonettaK]

The OP's property falls under the Denver RLC. I just double checked and nothing in our handbook addresses a timeliness requirement for repair inspections. Nothing in the Lender Handbook either.

Thank you for checking. I’m disappointed that you didn’t find a timeframe of 2 business days but I appreciate you verifying. I couldn’t easily find those handbooks online.

 

[Ariba]

Thank you for checking. I’m disappointed that you didn’t find a timeframe of 2 business days but I appreciate you verifying. I couldn’t easily find those handbooks online.

Why not just call the appraiser?

 

[BayonettaK]

Why not just call the appraiser?

I didn’t realize I was allowed to do that as a buyer. That’s definitely an option if it won’t be a problem. We were told before the appraisal that we couldn’t go to ensure the appraiser was kept a neutral party, but I’m sure that doesn’t really apply at this point...

 

[bnmappraisal]

I didn’t realize I was allowed to do that as a buyer. That’s definitely an option if it won’t be a problem. We were told before the appraisal that we couldn’t go to ensure the appraiser was kept a neutral party, but I’m sure that doesn’t really apply at this point...

(my bold) A common misconception by many, including real estate agents

You definitely can be there, ask questions, etc there are NO rules against that ... The appraiser may not be ALLOWED to answer your questions (i.e. "so what value did you come up with?" etc) but you have every right to ask it (I get that question all the time and just respectfully say I can't discuss that - reason is because you, the borrower, are not my client)

 

[David Beasley]

Unless it has changed, the VA used to allow 48 hours from request time to perform repair inspections on exiting homes and/or final inspections on new construction. That's how it used to be, how it is now? We are swamped out here in VA land (certainly near Ft. Bragg) and we get to them as quickly as we can. We're getting our weekly quota of appraisal requests from the VA on Monday mornings now, we're that busy (and have that few appraisers apparently). It's supposed to take an entire week (Mon-Fri) to get our quota of assignments in a perfect world, but for the past 4-5 weeks I've had my entire week's quota by 1:35 AM Monday morning. Some of those were nearly a week old when I ever get them...but those are origination assignments, repair requests come from the lender and have to be worked into that caseload.

 

[RustNeverSleeps]

It's not a Re-Appraisal it's a Re-inspection ( 1004D ) and the appraiser called these out in his original report. Now the lender wants the appraiser to verify the work has been completed. Basically similar to FHA , make the report "subject" to the following repairs or inspections to be completed. The work gets done and the appraiser goes back out and certifies that all the work has been completed and then property meet's MPR's or MPS's.

Actually the VA calls it a “Repair Inspection”