Procedure

Follow the steps in the table below to request an appraisal.  More detailed guidance is provided in Figure 2, VA Appraisal Request Checklist, at the end of this chapter.

Step

Action

1

Ensure that the property is eligible for appraisal and all other appraisal request requirements can be satisfied (Sections 10.05 through 10.10).  Contact the VA office of jurisdiction for the property if there are

·   questions about the property’s eligibility, or

·   if the property is not eligible for appraisal but is already the security for a VA loan.

Note: Every property eligible for the Lender Appraisal Processing Program (LAPP) should be processed under LAPP.  If a LAPP lender fails to process an eligible property under LAPP, the request for VA guaranty must include a detailed explanation.

2

Access TAS per Section 10.03, and provide all necessary information about the case. 

TAS will:

·   assign

-   a case number (in liquidation cases, this will be the existing VA loan number for the property, as provided by the requester)

-   an appraiser (since VA is required by law to select the fee appraiser on a rotational basis from a panel maintained by VA), and

-   an inspector, if appropriate, and

·   issue a complete VA Form 26-1805-1, VA Request for Determination of Reasonable Value, which includes the above information

Note:  LAPP lenders and loan holders/servicers who wish to have the appraisal report e-mailed to them must provide an e-mail address in Item 5 of the appraisal request.