I had a closing last year. It was an FHA. The modular home was plain on the outside but inside it was gorgeous! Upgrades galore, split bedroom plan, etc. The FHA appraiser called it a double wide right in front of the buyer's agent who was there with the buyers doing inspections at the same time. Even though we had certification that it was a modular he refused to take that into account. He was one of the old timey ones that needs to get out of the business. The younger guy (his apprentice) was a little more open-minded but in the end the old dude (I am 67 so I can call him old) won. I also sent comps.
You might want to know something about FHA. Once a case number is assigned to a listing and an appraisal that number stays with it. And you can't appeal it. Of, course, the seller knew that if she put it back on the market we would have the same problem if someone else went FHA because that "albatross" number could easily be pulled up.
To make a long story short the seller had to bring $14,000 to the closing because the appraiser didn't know the difference and there are still a lot like him around.
I must note though; there are a lot of great appraisers out there. I am not trashing appraisers, just that one. - Fri Oct 16 2009, 07:14