Missing HUD Tag # on Manufactured Homes
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Sometimes NO HUD Tag number can be found…
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 sometimes the HUD Tags are removed when a home is re-sided, remodeled, etc.
In such cases, include the PDF form embedded below in your report. Put this 2 page form AHEAD of the 1004C, so that the underwriter sees it first when examining the report. Then add commentary in the report that the required numbers could not be found anywhere on or in the home.
THE APPRAISER DOES NOT HAVE TO SUBMIT THIS FORM TO ITBS or pay the submittal fee. It is a lender responsibility.
NOTE: This attached 2012 ITBS form replaces the older form, which is now out of date, and should not be used. Tip: include this new form in your MFH report templates. If you find the required numbers on the home, just remove the form from the report.
NOTE #2: HUD Tags are used on MFH manufactured homes built June 15, 1976 and after. Before that, you may not find any tag, and technically an older home is a MOBILE home (for description purposes), not a manufactured home.
NOTE #3: Do not confuse manufactured and mobile homes with ‘modular’ homes. Legally, MODULAR homes are built to the Uniform Building Code standards and can be compared to regular site-built homes for comparable use. Manufactured and Mobile homes are built to codes different from the UBC. For report purposes, the different types should not be mixed as comps unless local sales are extremely limited.
If you have this kind of housing in your market, I encourage you to take a CE class on appraising factory-built housing. You will learn lots!