by John Tsiaousis | Feb 28, 2018 | Chicago Home Appraisal Blog, FHA Appraisals
If you have a deficient condition such as this you may want to repair it prior to an FHA Appraisal. Appraisers must operate faucets to observe water pressure and flow. This is an example that there is low water pressure and an FHA appraisal will be made subject to...
by John Tsiaousis | Dec 17, 2015 | Chicago Appraisal News, Chicago Real Estate, FHA Appraisals
The reason I write this appraisal blog is to provide valuable information about real estate appraisals and more importantly how it affects homeowners or would-be homeowners. This year saw many industry changes for real estate appraisal and chatter from appraisers was...
by John Tsiaousis | Nov 20, 2015 | FHA Appraisals
With the new changes that became effective September 14, 2015, there is a perception of the increased scope of work and liability in FHA appraisals. The perception is house appraisers are being asked to perform the work of property inspectors and would be violating...
by John Tsiaousis | Oct 28, 2015 | FHA Appraisals
In my last appraisal post, I started the conversation as to why house appraisers were turning down FHA appraisals nationwide. With the new changes that became effective September 14, 2015, there is a perception of the increased scope of work and liability. The...
by John Tsiaousis | Sep 29, 2015 | FHA Appraisals
As of March 18, 2015, over 225 existing handbooks, mortgagee letters and other policy documents were consolidated into the 4000.1 HUD HANDBOOK. This was meant to consolidate the FHA Single Family Policy to a comprehensive single source and reduce the ambiguity of what...
