What's a Manufactured Home Addendum?

[Charlotte Dixon]

Sorry, I never heard of one of these. Underwriter is "demanding" it....asked her what it was...send a sample, etc. Underwriter says if we don't know what one is, she's not telling us.

Subject property is a doublewide manufactured home to be placed on lot. Limited Summary Appraisal Report has been completed (home, lot, well, septic, etc.). Thanks guys! :roll:

 

[rtubbs]

The addendum involves a number of different certifications that the appraiser has to make. UW's tend to have their own form. I would insist that the UW provide me the specific addendum they want. I usually get this upfront before I appraise a MH. I also let them know upfront that I will not certify to the soil conditions or that the foundation was designed by an engineer or that the unit is installed in accordance with manufacture's recommendations.

 

[Mountain Man]

Charlotte,
It is an old underwriter questionnaire that they want you (with your E&O insurance) to answer. Like RT, I fill in the info about the house, BUT I refuse to answer the structural questions. I tell them to call for an engineering inspection if they really need that. I will scan in a sample and e-mail it, but it is a copy of a fax and may not look too good.

Mell.

 

[Pamela Crowley (Florida)]

Charlotte,

I don't know what software program you have but, Alamode has one of these in it. If you still need one, send me an email with your email address and/or fax number and I'll send you one whichever way I can figure out. jaxapraizr@yahoo.com

Sounds like the UW doesn't know what it is either. 8O

 

[Tim Hicks (Texas)]

If your software has it, it would be more helpful. Alamode has their own and I perfer it because it has a yes, now and n/a box to check for most questions. The mortgage companies expect us to make decisions that are out of our expertise. Was the foundation set up by a licensed engineer? How should I know 10 years later! Frost line? soil conditions? You get the idea. They want us to handle the liabilty on items that are not under our expertise. I specifically state which questions only a licensed engineer can answer. Hopefully, everybody knows that the serial number, model number or name and HUD tag numbers are now required by FNMA. I put them in the report, but they always ask for the addendum, anyway. By the way, many appraiser's don't care, just check the proper boxes and give them what they want.

 

[Charlotte Dixon]

Thank you guys! You're the best!

Charlotte