HUD OIG Issues Appraisal Fraud Alert

Posted by: McKissock Date: Feb 24, 2017 1:29:03 PM

The Office of Inspector General (OIG) of the Department of Housing and Urban Development (HUD) recently issued a Fraud Alert Bulletin regarding appraiser identity theft.

According to the Fraud Alert Bulletin, there have been a number of appraiser identity theft cases recently uncovered by HUD OIG. 

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Topics: HUD, appraisal identity theft

HUD to Make Changes to Appliance Language in Handbook 4000.1

Posted by: Dan Bradley Date: Jul 29, 2016 3:42:43 PM

At a July 2016 meeting of regulators and appraisal professionals hosted by the National Association of Realtors (NAR), a HUD representative stated that the language in Handbook 4000.1 regarding appliances is going to be revised on or around September of 2016. The HUD representative stated that the exact language of the revision was still being worked on, and that it would be a clarification of the existing requirement. The current language in the Handbook states, “The Appraiser must note appliances present in the house at the time of observation and indicate whether that appliance is considered Personal Property or Real Property. The Appraiser must operate all conveyed appliances and observe their performance. The Appraiser must notify the Mortgagee of the deficiency of MPR or MPS if any conveyed appliances are inoperable.”

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Topics: fha, HUD