VA LGI Addendum

[Jerry Bone Jr]

On the VA LGI Addendum...
What is the definition of secured? Where in VA doctrine is secured explained?

 

[Zoe]

I see secured as the front door is not open. If you are doing a 2055, and you don't see the property looked vandalized from the street view, you would assume it is secure because you have been told the property is occupied.

If you can get interior access, then you would know if it was able to be locked up and secure. I may be wrong but that is the way I see it. If you have been told to do an interior and property is not occupied and you get there and the front door is wide open and/or you don't need a key to get in, then I would say that is not secured.

Usually when a property is occupied, it is secured. If it is vacant and has broken windows, no door locked, etc, then anyone could get easy access to the subject. It is not secured.

 

[Hondo]

On the VA LGI Addendum...
What is the definition of secured? Where in VA doctrine is secured explained?
View attachment 108177

Don’t think VA specifically state what secured means, this is from AI and may help.

In VA appraisal and servicing guidelines, physically secured property for vacant homes refers to specific measures taken to prevent unauthorized entry and protect the asset from deterioration or damage.

Definition of a Secured Vacant Property

A property is considered "physically secured" when the following conditions are met:

Preventing Unauthorized Entry: All points of ingress—including doors, windows, and gates—must be locked or otherwise made inaccessible to intruders.

Protection Against Weather: The structure must be sealed to prevent water or wind damage. This includes replacing broken glass or boarding up openings.

Exterior Maintenance: While not strictly "locking" the home, maintaining the yard and removing debris are often required to prevent the home from appearing abandoned, which reduces the risk of vandalism.

 

[Zoe]

Yeah, if part of the roof is missing, you know it is not secured because rain can do a bunch of damage. Even wildlife can do a bunch of damage if they have access.

 

[RSW]

I was always under the impression that secured was, "has the VA taken possession of it and the property secured".

 

[Jerry Bone Jr]

Here is what the VA Review Appraiser sent:

 

[LesPaul59]

Here is what the VA Review Appraiser sent:
View attachment 108201

I once showed up to inspect a liquidation property and the back door was kicked in. Not Secured.

 

[Zoe]

I once showed up to inspect a liquidation property and the back door was kicked in. Not Secured.

Yeah, VA is concerned about the subject. They can get somebody out there. VA and the lender own the property. They can call the police if something don't look right and have the police go check it out.

Somebody could be dead inside the house and police need to get there.

 

[Brian D]

On the VA LGI Addendum...
What is the definition of secured? Where in VA doctrine is secured explained?
View attachment 108177

Boarded up.

 

[Zoe]

Boarded up.

Yeah. I have done several for Fannie like that. You need a flashlight. Go in the door and lock it behind you. I have also been in one where a couple of homeless people were asleep on mattress in Living room. They said we are sorry. I said it is no problem to me but you might want to find somewhere else to stay if you are desperate because if you don't, the Sheriff will likely find you a place to stay.

I told them go to social security office or salvation army or somewhere like that.

I didn't complete the inspection that day. I went back later.

They didn't even have any utilities operating in the house. It was not sanitary living conditions.

They were packing up what little clothes they had. I said no, I can come back later but you need to find somewhere else to stay.

I inspected a boarded up Church one time and was a little nervous. I called Memphis police department and told them what I was doing and they said okay. We will get you some help. It took them a little bit to get there but they toured me through with guns and flashlights.