FHA appraisals - Appraisers Blogs https://appraisersblogs.com/tag/fha-appraisals/ Appraisal News and Tips for Real Estate Appraisers Mon, 17 Aug 2026 04:05:19 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.2 https://i0.wp.com/appraisersblogs.com/wp-content/uploads/2015/04/ABfavicon.png?fit=32%2C32&ssl=1 FHA appraisals - Appraisers Blogs https://appraisersblogs.com/tag/fha-appraisals/ 32 32 52046035 Uncovering Flaws in FHA Appraisal & Loan Review Process https://appraisersblogs.com/uncovering-flaws-in-fha-appraisal-n-loan-review-process/ https://appraisersblogs.com/uncovering-flaws-in-fha-appraisal-n-loan-review-process/#comments Mon, 15 Jul 2024 12:30:32 +0000 https://appraisersblogs.com/?p=31044 The story of this single mother’s harrowing experience with a defective home purchase and HUD’s negligent oversight exposes deep flaws in the FHA appraisal and loan review process. After sacrificing for years to rebuild her credit and earn the right to become a homeowner, this borrower found her dream home in the country – or so she thought. During the home inspection, several issues were flagged. The seller, an investor who had purchased the home in an estate sale, was unaware of the septic system’s location. The seller agreed to have the tanks pumped so the location could be determined....

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]]> https://appraisersblogs.com/uncovering-flaws-in-fha-appraisal-n-loan-review-process/feed/ 44 31044 Reality vs Positivity https://appraisersblogs.com/reality-vs-positivity-appraiser-journey https://appraisersblogs.com/reality-vs-positivity-appraiser-journey#comments Wed, 29 Aug 2018 12:30:46 +0000 https://appraisersblogs.com/?p=19075 Read any sales training publication and you will learn about positivity and how it helps you succeed. For the most part, this is true. But what happens when reality sets in? Positivity: Many appraisers have praised the decision by Fannie Mae to eliminate the 1004MC. No question, it is a flawed form, but every software vendor allows us to complete the form with the push of a button. This can be done in most MLS systems as well. The form shows the number of sales in the past 90 days and the number of current active listings. With enough data,...

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  • Crystal Ball & PFA Techniques PFA figures & opaque crystal balls don’t work when reporting market trends! Nor does the MC Form! Appraisers, by now you’ve…
  • The Reality There is no shortage of appraisers, only appraisers willing to work for Appraisal Management Companies, but there will be a…
  • Bye-bye 1004MC, Hello Analysis On July 31, 2018, at the Appraisal Institute Annual Conference, Fannie Mae announced the end of the 1004MC. News quickly…

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]]> https://appraisersblogs.com/reality-vs-positivity-appraiser-journey/feed/ 41 19075 2017 Fee Survey Analyzing the Data https://appraisersblogs.com/2017-fee-surveys-analyzing-data https://appraisersblogs.com/2017-fee-surveys-analyzing-data#comments Mon, 02 Oct 2017 12:30:57 +0000 https://appraisersblogs.com/?p=15466 Surveys Said: Increasing Fees and Turn Times… For the last few years the appraisal industry has been abuzz with talk of rising appraisal fees and longer turn times. AMCs complain of a shortage of appraisers and “price gouging” in certain markets (Colorado and Oregon, for instance); appraisers report modest success at raising their fees after years of frustration (See Fees Rising). With over 7,000 appraisers responding so far, the results of the 2017 Working RE/OREP Appraiser Fee Survey is a current source for fee and turn time data by market and nationwide. To view the survey results for your market,...

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]]> https://appraisersblogs.com/2017-fee-surveys-analyzing-data/feed/ 10 15466 Transfer of FHA Appraisals https://appraisersblogs.com/transfer-fha-appraisals https://appraisersblogs.com/transfer-fha-appraisals#comments Wed, 27 Jul 2016 12:30:08 +0000 https://appraisersblogs.com/?p=12235 FHA Case Transfer FHA Appraisers, The document below was issued yesterday by HUD FHA. Sometimes clients will ask appraisers to ‘put the report into the new lender’s name’ if the lender changes within the allowed time frame for a current appraisal. With FHA, the Case Number and the existing report STAYS WITH THE PROPERTY ADDRESS. The appraiser does not have to re-do a FHA report when the lender changes, per this in the document below: Working with Case Transfers Mortgagees should note the following about case transfers relative to appraisal reports in both the EAD portal and FHAC: If, prior...

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]]> https://appraisersblogs.com/transfer-fha-appraisals/feed/ 2 12235 The Decline of Appraisers https://appraisersblogs.com/decline-numbers-appraisers https://appraisersblogs.com/decline-numbers-appraisers#comments Mon, 22 Feb 2016 13:30:04 +0000 https://appraisersblogs.com/?p=10955 The problem is not simply that too many appraisers are retiring. Very few appraisers are entering the profession. In Illinois, the drop in real estate appraiser trainee applications went from 1,231 in 2005 to only 55 in 2015. That’s an over 95 percent decline. This drastic reduction in new entrants is being seen in states across the country. Many appraisers welcome the shortage, which has already driven up fees in many areas. But many believe the celebration is shortsighted. A decline in the number of appraisers threatens the integrity of lending and undermines the stability of the real estate market…

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]]> https://appraisersblogs.com/decline-numbers-appraisers/feed/ 26 10955 FHA Appraisal Report & Prior Sales https://appraisersblogs.com/appraisal/fha-appraisal-report-prior-sales/ https://appraisersblogs.com/appraisal/fha-appraisal-report-prior-sales/#comments Tue, 10 Nov 2015 13:30:45 +0000 https://appraisersblogs.com/?p=9274 FHA appraisers, When the new 4000.1 Handbook and associated Data Delivery Guide were released not long ago, astute readers noticed that FHA showed that they wanted the Comparable’s prior transactions to be reported back in time THREE YEARS, not just 1 year as per the form. Well, guess what? That apparently was an error, because the REVISED Data Delivery Guide, Effective Nov. 5, 2015, has that corrected back to ONE YEAR, which ‘sort of’ corresponds with the info on the GSE forms. Eagle eye readers will note there may still be an error with this! The form says …the year prior to...

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  • FHA Appraisers - Important Reporting Items Important FHA Reporting Items FHA Appraisers, The new HUD/FHA 4000.1 manual, in reality a very large BOOK, is said (by…

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]]> https://appraisersblogs.com/appraisal/fha-appraisal-report-prior-sales/feed/ 4 9274 FHA 4000.1 Handbook FAQ https://appraisersblogs.com/appraisal/fha-4000-1-handbook-faq/ https://appraisersblogs.com/appraisal/fha-4000-1-handbook-faq/#comments Thu, 24 Sep 2015 12:30:54 +0000 https://appraisersblogs.com/?p=9061 FAQ PDF Document In June 2015, the Denver HOC conducted a webinar (or perhaps live class) training on the ‘then upcoming’ new FHA 4000.1 Handbook. Questions were submitted, and the answers were compiled into a FAQ PDF document (posted at the end of this article). Many of the questions were submitted by underwriters or other non-appraisers, but some were from appraisers. You will have to read through the 8.5 page FAQ PDF attachment to find appraisal related info. However, the one question and answer below may help alleviate the fears of some appraisers: Q. Does the appraiser have to note...

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]]> https://appraisersblogs.com/appraisal/fha-4000-1-handbook-faq/feed/ 8 9061 FHA Appraisers – Important Reporting Items https://appraisersblogs.com/appraisal/fha-appraisers-important-reporting-items/ https://appraisersblogs.com/appraisal/fha-appraisers-important-reporting-items/#comments Fri, 18 Sep 2015 12:30:48 +0000 https://appraisersblogs.com/?p=8997 Important FHA Reporting Items FHA Appraisers, The new HUD/FHA 4000.1 manual, in reality a very large BOOK, is said (by FHA) to have everything in it we need to know, and comply with when doing FHA appraisal reports. We’ve all been amped up about the FHA 4000.1 Handbook changes.  It DOES NOT have everything you need to comply with. FHA has a second BOOK – The Single Family Housing Appraisal Report and Delivery Guide. On page 117, it details how FHA wants prior sales reported for the subject and for COMPARABLES. It is a change to their current procedure –...

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]]> https://appraisersblogs.com/appraisal/fha-appraisers-important-reporting-items/feed/ 27 8997 FHA Requirements vs USPAP https://appraisersblogs.com/appraisal/fha-vs-uspap-appraisers-caught-in-catch-22/ https://appraisersblogs.com/appraisal/fha-vs-uspap-appraisers-caught-in-catch-22/#comments Mon, 10 Aug 2015 12:30:48 +0000 https://appraisersblogs.com/?p=8317 FHA Requirements vs USPAP – Appraisers Caught in Catch 22 Excerpt The new FHA Handbook will become effective on September 14, 2015. There has been much discussion of the implications of changing “should” to “must” in thousands of examples in the Handbook. As a Board member of the Arizona Association of Real Estate Appraisers as well as being on the FHA Roster, I have taken a good hard look at these requirements and then, it hit me as I was teaching the Uniform Standards of Professional Appraisal Practice (USPAP) which is the basis of appraisal standards for every appraiser in...

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