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 [...]
Entries Tagged as 'HUD'
Dude, Where’s My Porch?
October 27th, 2011 by Tom Horn · 3 Comments · Appraisal, Photos From The Field
Tags:Ashton Kutcher·HUD·HUD Minimum Property Requirements·Minimum Property Requirements·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
FHA Appraisal Red Flag: Water In The Basement
February 16th, 2011 by Tom Horn · 2 Comments · Appraisal, Photos From The Field
I recently did an inspection on a property that was being purchased with FHA financing. I’m always asked by real estate agents, buyers, sellers, and mortgage lenders, “what do you look for when you do an FHA appraisal compared to a conventional one?” One of the items we look for is moisture in either the [...]
Tags:Birmingham AL FHA Appraiser·FHA·HUD·MPR·water in basement·water in crawlspace·wet basement·wet crawlspace
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
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
