If you need assistance, please call 858-345-9040

FHA Changes!

Monday, January 29, 2018   /   by Sean Zanganeh

FHA Changes!

Howdy All,

Check out these very important FHA regulation changes.. These will have an increasing effect on the market place. Take a look and let me know how you feel about these new rules.

FHA changes their roster of appraisers Oct. 1st
All FHA rostered appraisers are required to be state certified. Some states offer a licensing program for appraisers as well as a certification program. Many licensed appraisers were FHA rostered. As of today, October 1st 2009 state licensed appraisers can no longer complete FHA reports:
http://www.hud.gov/offices/adm/hudclips/letters/mortgagee/files/08-39ml.doc

January 1st 2010 the FHA will have appraisal ordering guidelines similar to the HVCC
In a recent mortgagee letter FHA / HUD announced they will have appraisal ordering guidelines similar to the HVCC. The FHA has always prohibited pressuring and influencing an appraiser to inflate values and/or disregard repair requirements, "FHA is reaffirming these requirements."
- http://www.hud.gov/offices/adm/hudclips/letters/mortgagee/files/09-28ml.doc

The mortgagee letters go on to discuss appraiser's geographic competency, AMC's, and a list of "Appraiser Independence Safeguards."

Remember the end of November is the LAST chance to qualify for you $8,000 tax credit! Call to schedule an appointment today to find your next home!

Sean Zanganeh

*Windermere Exclusive Properties*

www.seanzanganeh.com
My San Diego Dream Home
Sean Zanganeh
12780 High Bluff Dr
San Diego, CA 92130
858-345-9040
CA DRE# #01851910

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS®, Inc.
This site powered by CINC: www.cincpro.com