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 [...]
Entries Tagged as 'FHA Tips'
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
Tags:Birmingham AL FHA Appraiser·chipping paint·FHA Appraisals·FHA Appraiser·FHA Loans·FHA repairs·FHA Requirements·FHA Tips·Lead Paint·peeling paint
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 [...]
Tags:Birmingham AL FHA Appraiser·fha appraisal·fha appraisal guidelines·FHA Loans·FHA repairs·FHA Requirements·FHA Tips·MPR
FHA Repair Item…or Not?
July 5th, 2011 by Tom Horn · 2 Comments · Appraisal, Appraisal Tips, FAQ's, Home Improvement, Realtor Tips
I get a lot of questions about FHA appraisals and what types of repairs are required, and which ones are not. As I have stated in a previous blog post, most items of repair in an FHA appraisal are related to safety, soundness, and security. Some items will definitely need to be repaired before the [...]
Tags:Alabama FHA appraisals·FHA·FHA Appraisals·FHA repairs·FHA Tips·HUD·HUD Minimum Property Requirements·MPR
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 [...]
Tags:Alabama FHA appraisals·FHA·FHA Loans·FHA Requirements·FHA Tips·HUD·HUD Minimum Property Requirements·MPR·Realtor Tips
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 [...]
Tags:Alabama·Alabama FHA appraisals·Alabama Mortgage Loans·Appraisal·Appraisal Inspection·FHA·FHA Loans·FHA Requirements·FHA Tips·HUD Minimum Property Requirements·MPR·Realtor Tips·Tips
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 [...]
Tags:Alabama·Alabama Mortgage Loans·FHA·FHA Requirements·FHA Tips·HUD·Lead Paint·MPR·Paint·Tom Horn
Realtor Tips For FHA Appraisals
February 25th, 2010 by Tom Horn · No Comments · Appraisal
In recent months FHA financing has been on the increase. With the decline of the sub prime lending market, and related creative financing programs, many lenders have been offering FHA loans to many homeowners for refinancing and home purchases. Current FHA requirements are not as stringent as they once were. If you are interested in [...]
Tags:Alabama FHA appraisals·Birmingham Alabama Real Estate Appraiser·FHA·FHA Appraisals·FHA Loans·FHA Tips·HUD·HUD Minimum Property Requirements·Realtor Tips
