Fha Appraisal Holes In Siding

About two weeks later i was asked to return to the home to verify repairs had been made.

Fha appraisal holes in siding. We cover those requirements and how they compare to conventional appraisals. Overview of fha appraisal guidelines for 2020. For that matter asbestos potential in a popcorn ceiling that s falling down or in old cracked siding could also be an issue. Two of the exterior walls were particularly bad.

Holes in the roof or siding. At a minimum the appraiser must complete the following steps. Any leaks or moisture due to a problem with the roof are noted will be noted on the appraisal report. This is one of the biggest hot spots for an fha appraiser and rightly so.

Serious issue possible fha concern this wood rot found just below the roof is caused from rain water or ice build up in the winter. Call a professional to evaluate. For an fha appraisal one of the conditions i required to be repaired was extensive water damage to the masonite siding. Their is no repairs that can be done the brick should be removed and replaced.

Exposed studs or floorboards. Possible fha concern the brick on the side of this garage has had some serious movement. Similar to conventional home loans fha loans feature fha appraisal requirements mandated by the hud. Not a problem where the paint is in good shape but where it could possibly be ingested even on outbuildings.

Visually inspect the subject property both inside and out. If you re trying to buy a house using an fha loan your fha lender will typically require an appraisal to validate the value of the home. For an fha loan in addition to placing a value on the property the appraiser is looking for several potential hazards that could cause safety issues. I could even push my finger into portions of it.

I found one of the exterior walls had. Otherwise a new appraisal is required and the process starts all over again although a 30 day extension is possible under some circumstances. This discovery process is similar to the appraiser s job in the basement the appraiser inspects the condition of the area and makes the appropriate observations. Driveway or sidewalk damage.