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Chinese Drywall; What does your addendums say?

Discussion in 'General Appraisal Discussion' started by Webbed Feet, Nov 7, 2009.

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  1. Webbed Feet

    Webbed Feet Elite Member

    6
    Feb 11, 2005
    Professional Status:
    Certified Residential Appraiser
  2. nauthead

    nauthead Senior Member

    11
    Nov 26, 2004
    Professional Status:
    Certified General Appraiser
    State:
    Florida
    The appraiser did not verify the country of origin of the drywall located in the home or if the drywall is linked to sulfur compounds and traces of strontium sulfide, chemicals known to cause metal corrosion and breathing difficulties.
     
  3. CANative

    CANative Elite Member

    62
    Jun 18, 2003
    Professional Status:
    Certified Residential Appraiser
    State:
    California
    I thought Chinese drywall was made out of people?
     
  4. VolcanoLvr

    VolcanoLvr Senior Member

    4
    Oct 30, 2003
    Professional Status:
    Certified Residential Appraiser
    State:
    Washington
    Link and articles about Chinese drywall

    http://www.cpsc.gov/info/drywall/index.html

    PDF's are articles I have saved since this topic first appeared.

    The MSNBC article (Webbed's link) is written by a consumer reporter who also works for a Seattle ABC television affiliate.
     

    Attached Files:

  5. Mary Tiernan

    Mary Tiernan Senior Member

    0
    Dec 16, 2003
    Professional Status:
    Retired Appraiser
    State:
    Michigan
    Why doesn't preprinted Statement of Assumptions #5 cover this?
     
  6. WMOORES

    WMOORES Junior Member

    0
    Sep 8, 2007
    Professional Status:
    Certified Residential Appraiser
    State:
    Florida
    That was Soylet Green, wasn't it?
     
  7. Mike Garrett RAA

    Mike Garrett RAA Elite Member

    9
    Jan 14, 2002
    Professional Status:
    Certified Residential Appraiser
    State:
    Colorado
    Is this a home inspection or appraisal issue? How in the hell do I know if there is chinese drywall in a home I appraise?
     
  8. DMZwerg

    DMZwerg Senior Member

    0
    Mar 25, 2009
    Professional Status:
    Certified Residential Appraiser
    State:
    Wisconsin
    Exactly.
    A standard disclaimer that the appraiser is not a home inspector, etc, should be sufficient to avoid the need for such a specific disclaimer. Same one as used for mold, etc.
     
  9. William K

    William K Senior Member

    0
    Sep 21, 2007
    Professional Status:
    Certified Residential Appraiser
    State:
    Illinois
    If the Lead Base paint doesn't kill you the Chinese drywall will!:Eyecrazy:

    " Subject built prior to 1978 may have Lead Base Paint, subject built after 2004 may have Chinese Drywall. Per Government figures the worst of the recession is over and home prices should return to normal next year."



    All is well!:unsure: (pass it on)
     
  10. Mike Garrett RAA

    Mike Garrett RAA Elite Member

    9
    Jan 14, 2002
    Professional Status:
    Certified Residential Appraiser
    State:
    Colorado
    I have such a statement in my additional comments.

    "Where the term "inspection" is used in this appraisal report it shall be deemed to mean "observation. The appraiser is not a home inspector".
     
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