"Minimum Requirements" ?

[Tom D]

Fannie has no objection about good work done without permits as per their latest news letters.
And it may be common to the area. I wouldn't ignore it unless the lender said it and i could put it in my work file and report. Is this an extra ordinary assumption that it can't have it.

Apparently, the local authorities didn't make the neighbors undo their unpermitted uses. Never had a lender do that, or even know something like that about a house.

So be careful.

 

[Fernando]

Fannie has no objection about good work done without permits as per their latest news letters.
And it may be common to the area. I wouldn't ignore it unless the lender said it and i could put it in my work file and report. Is this an extra ordinary assumption that it can't have it.

Apparently, the local authorities didn't make the neighbors undo their unpermitted uses. Never had a lender do that, or even know something like that about a house.

So be careful.

When I started appraising, lenders were very strict about nonpermitted work. Caused me lot of problems.
Seems like lenders and Fannie more lenient especially unpermitted ADUS in this climate of housing shortage in CA.