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Carol

Preferred Member
Registered: 02/18/08
Posts: 724
Reply with quote  #1 

Where does it state for FHA that you MUST use an original photo? Was sent a request that said "due to new regulations all comparbles must be original not MLS photos" When did that start? I always try to do that but sometimes find a better comp after I have already taken the pics.

johnmbryant

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Registered: 02/17/08
Posts: 2,184
Reply with quote  #2 
Appendix D, page 13

Quote:
The photos taken by the appraiser are considered evidence of compliance with the Scope of Work of having inspected each comparable sale from the street. Use of MLS photos to exhibit comparable condition at the time of sale is acceptable; however, the appraiser must include their photos as well to document compliance.


This is not new.  It was part of Appendix D published in 2005 that took effect January 2006.  This is an FHA requirement only.

FNMA Guidelines


Quote:
clear, descriptive, original photographs showing the front, back, and a street scene of the subject property and the front of each comparable sale.


This is a new FNMA requirement.  The first time I saw it was as a part of Announcement SEL-2010-09

Carol

Preferred Member
Registered: 02/18/08
Posts: 724
Reply with quote  #3 
John: i know you are much better at this than I, but this is what I found in the information in this post you wrote:

"acceptable photographs include clear, descriptive, original images from photographs or electronic images, copies of photographs from a multiple listing service, or copies from the appraiser’s files."

 

That says we can use MLS photos, isnt' that right? This was never brought up to me before until this new AMC specifically mentioned orginal comp photos must be used. Is it just for FHA appraisals (that is what the appraisal was that I did). If so where does it say it for FHA that only original comp pics are required? Thank you

johnmbryant

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Registered: 02/17/08
Posts: 2,184
Reply with quote  #4 
Actually you are correct.  Your line is two paragraphs below mine.  So you can use MLS photos.  My error for reading one paragraph and quit reading.
Carol

Preferred Member
Registered: 02/18/08
Posts: 724
Reply with quote  #5 
I'm right and your wrong!! That is something I never thought I'd see, haha.
Now is this true also for FHA? The appraisal was for FHA and she said they had "to be original comp photos b/c it is FHA"????? I'm surprised your still up isn't it like midnight where you are???
johnmbryant

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Registered: 02/17/08
Posts: 2,184
Reply with quote  #6 
FHA wants photos taken by the appraiser.  He can supplement them with MLS photos but not replace them.

So -- if you take you comp photo at midnight, include it in the appraisal along with the MLS photo and explain what you did.

Carol

Preferred Member
Registered: 02/18/08
Posts: 724
Reply with quote  #7 

is this a new rule by FHA? I didn't realize it

Jody

Platinum Member
Registered: 02/19/08
Posts: 6,789
Reply with quote  #8 

NO its not a new rule, fha is still in the dark ages.  It gets worse, FHA actually wants you to take new comp photos effective on the date of teh appraisal even if you took the photo last week.  I am sure that absolutely no one actually does that, and hopefully FHA will someday realize that this is a useless part of the appraisal process.


__________________
Woops~ Did I say that????
RAlan

Platinum Member
Registered: 02/19/08
Posts: 852
Reply with quote  #9 
 
Quote:
He can supplement them with MLS photos but not replace them.


 
With the exception of a property that is not visible from the road, this guideline has always puzzled me. If I ride by a comp and the yard is full of kids or adults for that matter, I will use the MLS photo and comment. Had I took a "supplemental" photo, I would not need the MLS photo.
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