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Correct Address?

Discussion in 'FHA/HUD and VA' started by SunbeltAppraisals, Mar 2, 2009.

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  1. SunbeltAppraisals

    SunbeltAppraisals Sophomore Member

    0
    Aug 29, 2007
    Professional Status:
    Certified Residential Appraiser
    State:
    Florida
    I verified an address for an appraisal with pub records, deed and plat map however the post office has a different street name. (1 letter diff)

    The broker wants me to change the street name to the post office source.

    Should I consider his request??


    Thanks


    www.sunbeltappraisals.com
     
  2. Don Clark

    Don Clark Elite Member

    9
    Jan 17, 2002
    Professional Status:
    Certified Residential Appraiser
    State:
    Virginia
    Short answer....NO. The public records establishes the official address of the property. I have seen the post office use addresses that they had wholly contrived, would not use others that were legitimate, and in some cases have 2 addresses for one single family property. In one case the USPS said subject was in an area in another county. Identify the address per public records then write a short note that that address differs from the one used by the USPS.
     
  3. Vermonter

    Vermonter Senior Member

    11
    Mar 21, 2007
    Professional Status:
    Certified Residential Appraiser
    State:
    Vermont
    I use both physical and mailing town names and put this in my addendum:

    Subject Property Identification:

    The subject property physical address is located in the town of Xxxxx, VT, however the mailing address town of Xxxxx, VT that corresponds to the subject post office zip code was added to the address field. Using both the physical and mailing address town names in the address field and properly explaining the reasons in this addendum will provide an accurate location description and insure not to mislead the intended reader. USPS does not handle land records, property assessment or mapping. Many zip codes in the state of Vermont correspond to towns, villages and areas that do not officially exist in public land records. Identifying a property by the incorrect town name could lead to misrepresentation of location, a factor that can have a substantial impact on value.
     
  4. CANative

    CANative Elite Member

    158
    Jun 18, 2003
    Professional Status:
    Certified Residential Appraiser
    State:
    California
    use aka and explain.

    i.e. 123 Bob St. aka 123 Boob St.
     
  5. SunbeltAppraisals

    SunbeltAppraisals Sophomore Member

    0
    Aug 29, 2007
    Professional Status:
    Certified Residential Appraiser
    State:
    Florida

    Great info!! Thanks


    www.sunbeltappraisals.com
     
  6. miktay

    miktay Junior Member
    Supporting Member

    18
    Jul 3, 2007
    Professional Status:
    Certified Residential Appraiser
    State:
    Texas

    BOOB street? What's on your mind when appraising? :icon_idea::icon_idea:
     
  7. Mr Rex

    Mr Rex Elite Member

    139
    Jan 12, 2004
    Professional Status:
    Certified Residential Appraiser
    State:
    North Carolina
    In my area, the local EMS 911 system establishes street addresses, not the Post Office (but the address established by 911 becomes the official mailing address). So if you need to find out a correct address or newly established address you call 911's non emergency number.:)
     
  8. CANative

    CANative Elite Member

    158
    Jun 18, 2003
    Professional Status:
    Certified Residential Appraiser
    State:
    California
    http://www.answers.com/topic/boob

    So what's on your mind? :)
     
  9. Jerry Bone Jr

    Jerry Bone Jr Senior Member

    0
    Feb 23, 2004
    Professional Status:
    Licensed Appraiser
    State:
    Oregon
    I would write a one sentence addendum: Per the Post Office, the address is 123 Boob St.
    It won't change your report, it will allow the loan to close.
     
  10. WadeKoutnik

    WadeKoutnik Sophomore Member

    0
    Feb 27, 2007
    Professional Status:
    Certified Residential Appraiser
    State:
    Florida
    I had this come up once. The address had Oaks in public records and everywhere I looked. The lender wanted it to read Oak in the report.

    I simply stated that according to public records the address was Oaks but the lender requested that I change it to Oak.
     
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