Seriously Stupid FHA Appraiser's And The Three S's - 02/15/12 10:35 AM
What a great recap of the safety, security and soundness issues that will get flagged by an appraiser.  Some information every buyer and seller should be aware of.
Via Michael S. Bolton-MN Appraiser (Michael S. Bolton,Inc.):
FHA guidelines state that a house has to meet MPR (minimum property standards) for existing houses, and MPS (minimum property requirements) for new construction. FHA is very concerned with the three S’s: Safety, Security, and Soundness.
When a Realtor was asked what the three FHA S's were, he replied, "Stupid, more stupid, and seriously stupid FHA appraisers," which I thought was pretty funny, however, a little off … (1 comments)

 
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Dennis and Sunshine Smith

Carlsbad, CA

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RE/MAX By-the-Sea (N Coastal San Diego)

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