- Feb 23, 2002
- Professional Status
- Certified Residential Appraiser
I have a request to complete a form 442 on an appraisal. The house is a HUD house and has some damage. It is in fair condition. I specifically asked and was told when I did the conventional type appraisal it was "as is" and I would not need to do an estimated cost to cure, only a rent schedule. I said it was in Fair condition and now OF COURSE they want a repair estimate, pictures, and heating and cooling estimates, and are calling for a form 442. When I did the appraisal the utilities were not even on and I said so. Is this a form number for something else. I have WinTotal/Athena I am familiar with REO's and Repair and Maintenance addendum but not a 442. The house is pre-1978 and I am not a lead based paint expert on abatement or cure. How should this request be handled? Any suggestions?