Tagged: manufactured home

HUD Tag # on Manufactured Homes Missing? Solution for Appraisers 4

Missing HUD Tag # on Manufactured Homes

Sometimes NO HUD Tag number can be found… Appraisers, Regarding Manufactured Homes (MFH), sometimes NO HUD Tag number can be found on, or in, the MFH. However, this number is required to be entered on the 1004C appraisal form. Loans for MFH’s cannot be processed without these numbers. The HUD Tag is the metal plate(s) attached to the rear of each section. Numbers are usually sequential, with three letters as the prefix. Inside the home, someplace, should be a paper ‘Data Plate’ with the home serial number, HUD Tag #’s, and other data. But often the Data Plate cannot be found, and...

Photographs in Reports & 2 Refers 12

Photographs in Appraisal Reports

Photographs, 2 refers & Nat’l RE Appraiser’s Day… I’ve been asked to formally review a recent report. When looking over the report pages, the subject photo pages contain a mix of horizontal and vertical photographs, about half ‘n half. And there are lots of subject photos. Bear in mind, most report photo pages are formatted for horizontal photographs. It appears to me the appraiser used a smart phone for photos, as there would be no normal tendency to hold a regular camera vertically except in rare occasions to emphasize height of some feature. But people do that with phones. The...

Modular Homes vs. Manufactured Home: “Pre-built” Housing Explanations 3

“Pre-built” Housing Explanations

I used to work for a MODULAR homes manufacturer, before becoming an appraiser… Folks, If you’ve ever wondered about the differences between various ‘pre-built’ housing “types”, this 4 part series (below) is a good explanation. See the links below. These are written by a California contractor/real estate agent who has 30 years’ experience (according to his info). I used to work for a MODULAR home manufacturer, before becoming an appraiser. This series does not really fully explain how MODULAR is different from “Manufactured.” In simple terms, MODULAR homes are constructed in a factory to specifications in the International Building Codes...

Forms Designed for Specific Purposes - Appraisal Forms Designs 6

Appraisal Forms Designs & Purposes

These forms were “designed” to be used for those specific purposes… Appraisers, Earlier this week, I discussed the following about some lenders requesting a type of property inspection to be completed on a form “Not Designed” for the specific property type: Original observation discussed earlier this week: Read the highlighted sentence. Read the highlighted sentence again. According to a regional bank in my area, via info from their AMC, “thousands” of Manufactured Home appraisals have been done on the 2055 form. Do you do that, just because someone – who just wants to “make a sale” – tells you to...

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