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RubberStamp

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Reply with quote  #1 
It's tempting to just have them send a pic... no doubt.  But I always drive out and do the final myself.  If not only for the reason that when the customer sees the bill and then tells the client "he never even came back out - I just sent a picture".  Obviously some repairs are so obvious a picture would suffice.

But I've now heard several AMCs telling customers that a final is needed..   you might just have to send a photo.  

So obviously that got me thinking..    are you all doing this?  Ever?  Am I missing something?
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Meatloaf

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Reply with quote  #2 
No comment.
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Benjamin

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Reply with quote  #3 
It may depend on the loan program. For VA, some repairs do not require appraiser re-inspection and the lender can self-certify repairs using alternative methods. Although there is only 1 AMC that orders from the VA and that is because they are owned by the lender. So if it is from multiple AMCs, perhaps other loan programs are allowing the lenders to self-certify rather than ordering a final from the appraiser.

I would like to think an appraiser isn't dumb enough to sign a 1004D without re-inspecting, but there I go thinking again.
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Meatloaf

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Reply with quote  #4 
How do you handle it when you do a report subject to "inspection by a 3rd party".... Then they send the inspection to you and request a 1004D?

I used to spend hours and multiple phone calls explaining that they didn't need anything from me.  Now, I enjoy the easy money.

I just put a comment that "contrary to the below pre-printed certification, no new field inspection was required" and I leave the inspection date as the original inspection date.  So far, no problems and easy money.  

How are yall handling it?

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RubberStamp

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Reply with quote  #5 
Quote:
Originally Posted by Meatloaf
How do you handle it when you do a report subject to "inspection by a 3rd party".... Then they send the inspection to you and request a 1004D?

I used to spend hours and multiple phone calls explaining that they didn't need anything from me.  Now, I enjoy the easy money.

I just put a comment that "contrary to the below pre-printed certification, no new field inspection was required" and I leave the inspection date as the original inspection date.  So far, no problems and easy money.  

How are yall handling it?


Just had one of these.  I'm completing the 1004D and including an extraordinary assumption that the lender has received all verification necessary to eliminate the condition as it is beyond the appraiser's expertise to make a determination on the appropriateness of the findings.  If they have not, they are to contact the appraiser with further instruction.
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pnalley

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Reply with quote  #6 
Go take a photo, attach documents from required inspection do it on an EA.

I did have one that they sent me the home inspection on. Comments on roof indicated it was in horrible shape. Of course inspector said to get a roofing contractor. IMO the roof needed to be replaced, so I called for an inspection by a roofing contractor acceptable to the lender. Got a letter stating the roof was in great condition. Needless to say I refused to sign off on it. They had to get a HUD inspector to go out. Wound up with a new roof.

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Paula Nalley
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RubberStamp

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Reply with quote  #7 
Quote:
Originally Posted by pnalley
Go take a photo, attach documents from required inspection do it on an EA.

I did have one that they sent me the home inspection on. Comments on roof indicated it was in horrible shape. Of course inspector said to get a roofing contractor. IMO the roof needed to be replaced, so I called for an inspection by a roofing contractor acceptable to the lender. Got a letter stating the roof was in great condition. Needless to say I refused to sign off on it. They had to get a HUD inspector to go out. Wound up with a new roof.


A great story but you should not have to be the one playing policeman on that...   that is ridiculous.  Kudos to you
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