No Duplicate Appraisals

No new appraisal can be requested on property which already has a valid VA value determination.

The process for changing notices of value is outlined in Chapter 13.

Builder ID Required

For any property appraised as either “proposed or under construction” or “new construction”, the builder must have a valid builder identification number prior to a VA notice of value being issued.

To obtain and maintain a valid, VA-assigned builder ID, all of the following must be fully-executed, up-to-date and on file at the VA office of jurisdiction over the location of the property:

·   VA Form 26-421, Equal Employment Opportunity Certification.

·   VA Form 26-8791, VA Affirmative Marketing Certification.

·   The identifying information and certifications shown in Figure 1 of this chapter, as worded and in the order shown, and either on the builder’s letterhead or attached to a statement on the builder’s letterhead which references it.

No Appraisal Due to Sanction

Property is ineligible for VA appraisal if any party of interest to the transaction, other than the purchaser, is debarred Government-wide, or otherwise excluded from participation in the Loan Guaranty program due to a VA-imposed sanction for substantially prejudicing a veteran by either

·   failing to correct justified construction complaint items

·   violating VA Minimum Property Requirements

·   deviating from plans and specifications without VA approval

·   failing to honor other contractual obligations on houses previously built and sold with VA financing, or

·   using a sales contract or marketing method or practice which VA considered to be unfair or unduly prejudicial to the veteran involved.