FHA case numbers and Reverse Mortgage counseling

By
Real Estate Appraiser with Sulamo Appraisal Service

 

Change Change Change . . . .

That's one thing we can count on!  Keeping up means keeping connected and now days keeping connected can be easier than ever before.

What's new on the FHA horizon?  Well word has it as of 10/1 or 11/1/2008 still waiting for a clarification and written explaination the FHA case number must be assigned PRIOR to the appraiser inspecting the home.  Calls to Santa Ana HOC resulting in conflicting information so still waiting on an answer in writing.

One thing is clear, for Reverse Mortgages the counseling certificate must be done and signed by BOTH parties prior to the appraisal inspection or the borrower cannot be charged for the appraisal. 

 

 

Comments (1)

Kacem Benali Bethesda & Rockville REALTOR
Rockville & Bethesda Homes for Sale, I can help sell ur home - Rockville, MD

Great post, I just ran into that issue my self...  Going to leave it to my mortgage guys....

Dec 01, 2008 04:33 AM