Transcription of APPENDIX D: VALUATION PROTOCOL - HUD
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APPENDIX D: VALUATION PROTOCOL - HUD
1/06 D- 1 APPENDIX D: VALUATION PROTOCOL The appraisal process is the lender s tool for determining if a property meets the minimum requirements and eligibility standards for a FHA-insured mortgage. Underwriters bear primary responsibility for determining eligibility; however, the appraiser is the on-site representative for the lender and provides preliminary verification that the General Acceptability Criteria standards have been met. FHA RESIDENTIAL APPRAISAL REQUIREMENTS This section provides specific instructions for completing appraisal report forms.
the property, including: subsidence, operating and abandoned oil and gas wells, abandoned wells, slush pits, heavy traffic, airport noise and hazards, runway clear zones/clear zones, proximity to high pressure ... must note any readily observable deficiencies regarding the well or septic system. The appraiser is also ... vehicle, note this ...
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