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FHA – Crawl space and attics
Are you or your firm planning on any hiring trainees within the next 5 years?
My comment: I wonder what the response would be if lenders allowed trainees to sign on their own… remember the mortgage broker days? I sure wish there was a survey on trainee commercial appraisers as I see lots of them where I am. I am hearing that it is back to the “old days” when fee appraisers only hired relatives (because most appraisers were staff appraisers at lenders).
AMCs, appraisal management company, lender appraisals
To keep up on what is happening in appraisal businesses, mortgage lending, USPAP, etc. , Plus humor and strange homes, sign up for my FREE weekly appraisal email newsletter, sent since June 1994. Go to Home on the left side of the menu at the top of this page or go to www.appraisaltoday.com
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1. Noise, noise, noise. Double street and sidewalk frontage means double the noise from pedestrian and car traffic. Pull up a chair and crack open a cold one; I’m just gettin’ started.
2. Unconventional configurations. For example, the front yard of a home on a corner lot is usually bigger than the back, and the garage may be located around the corner.
My comment: I have always wondered why there was a checkbox on the 1004 for corner lot… a mystery to me;> Maybe it was a factor in the 1960s/1970s, when the first forms were developed and used. Maybe it has been taken off some of the forms…
Click here to see the other 19 reasons!!
What you need to know and which FHA documents you need to read!!
Available in my paid August Appraisal Today August newsletter!!
Many appraisers say they will quit doing FHA appraisals.
This means less competition for you!!
There is lots of confusion and mis-information about the changes. Some say there is too much required and others say there have not been many changes. What about attic, crawl space, and appliance inspections?
The author, Doug Smith, SRA, interviewed an FHA executive to find out what is really happening.
There are different FHA documents you need to read, not just Handbook 4000.1. It is very confusing, but Doug tells you what information you need and where to get it. He includes:
- Which guide to use for what, and links to the reference material, including FAQs, Webinars, and SF Housing Appraisal Report and Data Delivery Guide
- How to keep updated on changes
- Attic, crawl space, and appliance inspections
- Energy efficient items contributory value
- Highest and best use – when all 4 criteria are required
- FHA – UAD and Fannie guidelines
And lots more information.appraisal, Appraisal fees, FHA, lender appraisals