(a) Appraiser Roster. HUD maintains a list of appraisers. A mortgagee must select only an appraiser from this list for the appraisal of a property that is to be the security for an FHA-insured single family mortgage.
(b) Disclaimer. Since an appraisal is performed to determine the maximum insurable mortgage and to also protect the FHA insurance funds, the inclusion of an appraiser on the Appraiser Roster does not create or imply a warranty or endorsement to a prospective homebuyer or to any other organization or individual by HUD of the listed appraiser nor does it represent a warranty of any appraisal performed by the listed appraiser. The inclusion of an appraiser on the Appraiser Roster means only that a listed appraiser has met the qualifications and conditions, prescribed by the Secretary, for inclusion on the Appraiser Roster.
Notes of Decisions
Harms v. Fed. Hous. Admin., 256 F. Supp. 757 (D. Maryland 1966).
“Plaintiff (hereinafter Harms) having been the subject of an Unsatisfactory Risk Determination by the State Director of the Federal Housing Administration for the State of Maryland 1 (hereinafter Maryland Director) under 24 C.F.R. 200.200, brought this suit against the Federal…”
Donohue v. United States, 437 F. Supp. 836 (E.D. Mich. 1977).
“The Detroit Regional Office is alleged to have violated 24 C.F.R. § 200.200 , which sets forth the grounds upon which an Unsatisfactory Risk Determination can be made: § 200.”
Kenneth Taggart v. GMAC Mortg. LLC, 600 F. App'x 859 (3rd Cir. 2015).
“” 24 C.F.R. § 200.200 (a). To be eligible for placement on the Appraiser Roster, an appraiser must both (1) be state-certified and (2) not appear on any of three lists, including HUD’s Credit Alert Verification Reporting System (“CAVRS”).”
Fayer v. Romney, 365 F. Supp. 317 (S.D.N.Y. 1973).
“Federal Housing Administration, supra, where he held that an engineer, acting in his professional capacity was not a “participant” under another provision, 24 C.F.R. § 200.200 . I agree with Judge Watkins that a professional is not a “participant,” and that “had such…”
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