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HUD HOC Reference GuideConstruction & New Homes: IntroductionChapter 1Appraisal & Property Requirements Page 1-08a
E. Subdivision approvals | F. Final inspection on properties A. Introduction It is the appraiser's responsibility to determine the exact category of "CONSTRUCTION" they are appraising. This is reported on page 1 of the URAR in Description of Improvements.
The "category" in which the appraiser reports the construction status is important for several reasons:
The condition of the site on the date the appraiser makes their on-site appraisal inspection (i.e. date of valuation) determines the project's construction status.
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![]() | Content Archived: October 25, 2012 | |
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