• Welcome to AppraisersForum.com, the premier online  community for the discussion of real estate appraisal. Register a free account to be able to post and unlock additional forums and features.

VC form

Status
Not open for further replies.

Tom Woloshin

Freshman Member
Joined
Oct 1, 2003
Professional Status
Certified Residential Appraiser
State
Pennsylvania
I have not done an FHA appraisal for a number of years. However, I recall including the VC form in the appraisal report. The question is: Is the VC form to be a part of the appraisal report? Or, it just a guide for the inspection and then the results to be summarized on the appropriate form (1004 for example)?
 

CANative

Elite Member
Joined
Jun 18, 2003
Professional Status
Retired Appraiser
State
California
Have you downloaded ML2005-48 with the the attachment and read it yet?

VC sheets have been retired. You need to get back up to speed with the revised Appendix D to 4150.2.
 

Lycabull

Junior Member
Joined
May 31, 2003
Professional Status
Gvmt Agency, FNMA, HUD, VA etc.
State
West Virginia
Upon implementation of the four revised Fannie Mae appraisal reporting forms,

form HUD-92564-VC, Notice to the Lender (Valuation Conditions/VC form), and form HUD-92564-HS, Notice to The Homebuyer (Homebuyer Summary) will be retired and are not to be submitted as part of an appraisal valuation package. Upon elimination of these two forms, all valuation conditions, including repairs, alterations and/or required inspections, must be reported within the appropriate section of the applicable Fannie Mae appraisal reporting form.

http://www.HUD.gov/offices/adm/hudclips/letters/mortgagee/05-34ml.doc

http://www.HUD.gov/offices/hsg/sfh/ref/sfhp1-8d.cfm

http://www.HUD.gov/offices/adm/hudclips/letters/mortgagee/index.cfm
 

Don Clark

Elite Member
Joined
Jan 17, 2002
Professional Status
Certified Residential Appraiser
State
Virginia
Have you downloaded ML2005-48 with the the attachment and read it yet?

VC sheets have been retired. You need to get back up to speed with the revised Appendix D to 4150.2.

Good advice.

I use the VC Sheet, minus the flat roof inspection requirements, as a guide.
 

Tom Woloshin

Freshman Member
Joined
Oct 1, 2003
Professional Status
Certified Residential Appraiser
State
Pennsylvania
Thanks guys. I am reviewing 4150.2 now. I will do what Don is doing, using the VC sheet as a guide.
 

RSW

Elite Member
Joined
Feb 18, 2002
Professional Status
Certified Residential Appraiser
State
Tennessee
Pay close attention to Revised Appendix D and Mortgagee letter 2005-48.
 
Status
Not open for further replies.
Find a Real Estate Appraiser - Enter Zip Code

Copyright © 2000-, AppraisersForum.com, All Rights Reserved
AppraisersForum.com is proudly hosted by the folks at
AppraiserSites.com
Top

AdBlock Detected

We get it, advertisements are annoying!

Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features of our website. For the best site experience please disable your AdBlocker.

I've Disabled AdBlock
No Thanks