Appraisal Conditions

Appraisal Conditions

If the Appraiser cannot determine that a Property meets FHA’s MPR or MPS, an inspection by a qualified individual or entity may be required. Conditions that require an inspection by qualified individuals or entities include:
  1. standing water against the foundation and/or excessively damp basements;
  2. hazardous materials on the site or within the improvements;
  3. faulty or defective mechanical systems (electrical, plumbing or heating/cooling);
  4. evidence of possible structural failure (e.g., settlement or bulging foundation wall, unsupported floor joists, cracked masonry walls or foundation);
  5. evidence of possible pest infestation;
  6. leaking or worn-out roofs; or
  7. any other condition that in the professional judgment of the Appraiser warrants inspection.

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