Birmingham Appraisal Blog

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Entries Tagged as 'FHA Requirements'

How NOT to dispose of peeling paint for an FHA appraisal

May 9th, 2012 by Tom Horn · No Comments · Appraisal, Appraisal Tips, Photos From The Field

I wanted to share a photo with you that I took recently of a home I was appraising.  It was for an FHA appraisal of an older house built prior to 1978.  You may wonder why the year 1978 is so important, so I will tell you.  It was in 1978 that lead paint was [...]

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Photos from the field- FHA repair item or not?

February 27th, 2012 by Tom Horn · 3 Comments · Appraisal Tips, FAQ's, Photos From The Field, Realtor Tips

On one of my inspections recently I came across this empty pool.  The house I was appraising was not using FHA financing, however because FHA typically has more stringent requirements about the condition of a property I thought I might share the picture with you and ask a couple of questions: Do you think this [...]

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Are these FHA required repairs?

January 20th, 2012 by Tom Horn · No Comments · Appraisal, Appraisal Tips, Education, FAQ's, FSBO Tips, Home Improvement, Realtor Tips

I was doing some work recently for a novice property investor and he was asking me some questions about FHA required repairs.  He wanted to prepare the house he just purchased so that if the buyers were going to use FHA financing there wouldn’t be any issues at the last minute to hold up the [...]

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Birmingham, Alabama Real Estate Agent Tips: What is an MPR?

October 27th, 2010 by Tom Horn · 9 Comments · Appraisal Tips, FAQ's

I talk with real estate agents quite a bit in my day to day work as a real estate appraiser.  It seem like FHA appraisal requirements are the most confusing to them in relation to what appraisers look for during our appraisal inspections.  By knowing what an appraiser looks for, the agent can better prepare [...]

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FHA Tip: Turn The Water On To Save Your Borrower Money

March 14th, 2010 by Tom Horn · 4 Comments · Appraisal Tips

I recently did an FHA appraisal on a property.  The home was relativily new so there were not major issues with peeling paint, inadequate electrical service, or other typical concerns.  The only issue was the fact that the water had not been turned on.  The property was a foreclosure so this is not untypical, however [...]

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Is Peeling Paint Killing Your FHA Loan?

February 27th, 2010 by Tom Horn · 7 Comments · Appraisal

I recently did an inspection for an appraisal on an FHA refinance loan.  It was an older home that had been undergoing some updates and renovations.  One of the biggest   problems I see on older homes, and one which this home had, is peeling and chipping paint.  This is not an issue with conventional loans [...]

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