Transcription of APPENDIX D: VALUATION PROTOCOL - United States …
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APPENDIX D: VALUATION PROTOCOL - United States …
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 appraisal reporting form to be used will depend on the property type that is being appraised.
pavement, drums or odors. If any of these conditions exist further analysis or testing is required. Note the proximity to dumps, landfills, industrial sites or other sites that could contain hazardous wastes. If there is any readily observable surface evidence of leakage from an underground storage tank, further analysis or testing is required.
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