Home Appraisal FAQs - Appraisals What are the inspection requirements of a snow covered roof?
What are the inspection requirements of a snow covered roof?

A. In areas where the snow is likely to lay for more than a few days:

  1. The appraiser is required to make an extra thorough inspection of the attic and all visible roofing areas for signs of failing roofing materials.
  2. If there is evidence of damage and/or leaks the appraiser is to condition for further inspection.
  3. If there is no evidence of damage and/or water leaks. The borrower must be informed that the roof was snow covered at the time of the appraisal and that it is acceptable to the purchaser without any warranty or guarantees from HUD-FHA.

B. In areas where the snow is not likely to lay for more than a few days a clear roof inspection is to be obtained prior to closing.

  1. The appraiser is required to make a thorough inspection of the attic and all visible roofing areas for signs of failing roofing materials and report all roofing deficiencies in the appraisal report.
  2. If the Underwriter determines, due to unusual weather conditions, it is not possible to obtain the clear inspection prior to closing, then the purchaser and seller are to sign an acknowledgment that indicates: i. The roof was covered with snow at the time of the appraisal inspection, ii. The snow is likely to continue to cover the roof for several more days and that the roof cannot be inspected prior to loan closing, iii. HUD-FHA makes no guarantees or warranties as to the roof’s condition.
  3. A clear roof inspection must then be obtained prior to submission for FHA Insurance or an escrow account equal to 1 ½ times the cost of a new roof is to be established in the event repairs or a new roof is found to be needed when the inspection takes place. (Certification is to be in the insuring package.)

Source: http://www.hud.gov/, Homeownership Center Reference Guide

Still have a questions? Nexus Analytix™ can provide answers for your real estate appraisal questions. Please contact our offices at, Phone: (856) 985-0008 or by e-mail.

 

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