5 Things Agents MUST Do Before Every FHA Appraisal Can you think of anything worse as an agent than for the appraiser to make a final inspection necessary for one of your FHA sales? Ok, maybe there are some other scenarios that would be worse but let’s talk about the appraisal today. An appraisal reinspection […]
Do I have to repair it now, or can I wait until the loan closes?
October 3, 2013 By 3 Comments
I was speaking with a real estate agent friend recently about FHA appraisals and specifically about items that needed repair. Several years ago HUD made revisions to their guidelines regarding items that needed repair on an FHA purchase. I think they were attempting to make FHA loans more purchaser friendly because their requirements were much […]
Are you worried that the home you’re buying with screw in fuses may not meet FHA/HUD guidelines?
May 20, 2013 By 7 Comments
I was looking at a home this week, for an FHA loan, that had screw in fuses. Have you ever seen these? They use to be common years ago, however at some point they were replaced with circuit breakers. I have been asked by homeowners and real estate agents if these fuses meet HUD’s minimum […]
FHA loans and messy homes
January 11, 2013 By 4 Comments
I recently appraised a home for a refinance loan that was not the neatest one I’ve ever seen. It was an appraisal for a conventional loan, which is not as strict as FHA loans are, so there were no issues or additional requirements. If this had been an FHA loan the appraisal may have turned […]
Dude, Where’s My Porch?
October 27, 2011 By 3 Comments
Remember the movie “Dude, Where’s My Car?”, with Ashton Kutcher? I didn’t think so, it was not very memorable. These days Ashton Kutcher has more things to worry about than bad movies from his past, but the movie did come to mind when I saw this house. As you can see, it is missing […]
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