I need an appraiser for two of my buyers, so I started poking around looking for a few candidates. While doing a bit of recreational reading I stumbled across this quote:
"No later than October 1, 2009, all FHA appraiser roster appraisers in all states and territories must be state certified in order to be eligible to conduct appraisals for FHA-insured mortgages and remain on the FHA Appraiser Roster. Commencing October 1, 2009, all FHA-approved lenders must use state certified appraisers for FHA-insured mortgages."
Here's the link to the full article:
I found myself wondering if I ever asked anyone if they were state certified. I think I just assumed it was a given and was rudely awakened to the fact that it may not be as automatic as I thought. It appears I have been caught assuming and taking this "fact" for granted. I confess and apologize. I'm sharing this because a few of you may have had the same assumption that I did. I'm glad that it will be mandatory Oct 2009 and so far have been using state certified professionals by the luck of the draw (LOL). The possibility of not using one just never occurred to me. I didn't know they existed... I was soooo not paying attention to that one.
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