Due to the recent storms and subsequent flooding, a Disaster Waring policy was put into place affecting the following counties in Washington state:
  • King
  • Thurston
  • Whatcom
  • Lewis
  • Mason
  • Grays Habor
  • Kitsap

It also includes the following counties in Oregon:

  • Tillamook
  • Columbia

Any appraisal completed prior to 12/5 for properties located in these counties will need to be re-inspected for damage prior to docs.  The re-inspections can be completed by the original appraiser or by a licensed home inspection company or a city or county authority.  Properties that have suffered damage, will need a 442 verifying the completion of the necessary repairs prior to funding.  Also, a Disaster Inspection Certificate will be sent out along with loan documents for the borrower to sign.  That Certificate is a PTF condition as well. 

Please note again that this policy affects only appraisals completed prior to 12/5 - located in the counties noted above.  All appraisals completed 12/5 or later are not affected by this new policy.   

 
This post has been included in Washington Information
Post is included in group: Appraisers

1 Comments on Appraisal Reinspections required for selected areas in WA due to storms

DEC
12
2007
3 Featured Posts

Hi Melissa -

I was wondering if this would be the case.  I have some associate appraisers that are going to be miffed that they have to travel the distance for a couple of Tillamook re-inspects, I'm sure -

Thanks for the info!

9:41pm • #1

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