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 […]
Are these FHA required repairs?
January 20, 2012 By 6 Comments
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 […]
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 […]
What Red Flags Can Kill A Birmingham, AL Area FHA Appraisal?
October 18, 2011 By 2 Comments
Have you ever wondered if a house would pass an FHA appraisal inspection? FHA does have more stringent appraisal guidelines than conventional loans but if you know what to look for then you can be ready before any problems come up. I have included some of the top problems I have seen in my 20+ […]
FHA Repair Item…or Not?
July 5, 2011 By 4 Comments
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 […]
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