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at least 50 degrees Fahrenheit in all living areas and those containing plumbing systems.  These systems must be installed in accordance with the manufacturer’s recommendations.  

3.

Floor Heaters - Due to the inherit dangers of a floor heater it is highly recommended that floor heaters in need of repair be replaced with another permanent heat source.

4.

Non-Conventional Heating Systems -  All non-conventional heating systems – space heaters and others - must comply with local jurisdictional guidelines.  Often these are not acceptable as the primary source of heat.

5.

Propane tanks must be a safe distance from the dwelling.  Leased tanks are acceptable when not offered for sale.  Propane fired furnaces located in a crawl space area is not acceptable.

WATER HEATER

A.

Requirements -

1.

All water heaters must have a non-adjustable temperature and pressure-relief valve.

2.

The water heater must comply with local building codes regardless of its location.

3.

Rental water heaters are not acceptable.

COMPREHENSIVE VALUATION (APPRAISAL) PACKAGE

To access information quickly click on one of the following:

A.  Contents of the Comprehensive Valuation (Appraisal) Package, aka CVP

B.  Submission of CVP

A.  Contents of the Comprehensive Valuation Package (CVP)

1.  Part 1 of the Comprehensive Valuation Package. a.  Uniform Residential Appraisal Report (URAR)FNMA 1004.  The FNMA 1025-Small Residential Income Property Appraisal Report and FNMA 1073-Individual Condominium Appraisal Report may be used, instead of the URAR when applicable (Mortgagee Letter 97-22).

b.  Addendum to Appraisal Report with supporting documentation, when applicable.

c.  Local map identifying location of subject and comparable properties. d.  Sketch should include all exterior dimensions of the subject property as well as patios, porches, garages, breezeways and other offsets.  State “covered “or “uncovered” to indicate a roof or no roof such as over a porch.  In cases of obsolescence the appraiser may wish to sketch the subject property’s floor plan with interior rooms identified. Also, the appraiser should indicate the approximate location of individual systems, i.e. wells, septic and leach fields.  

e.  Photographs showing the front, rear, sides, and street scene of the subject and a photograph of the front of each comparable property.  

Copy Printed: REVISION  I

   02/16/0232       Revision Effective:  05-30-00

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