While doing the 203K loan, lender asks for "as is" value to be in the addendum. This may sound like appraisals 101 but do we need to support this value with comps? if yes, do we add them in the sales grid? I am assuming not but I am not certain. Also, when describing the condition, do we write what we currently see (a shell) or describe what will be done per the contractors scope of work. My last 203K I desribed current amd also detailed what the contractor's scope of work was going to be and the quality of work but lender says not to mention current state at all. I am kind of confused. Any quick thoughts jusy so I stay consistent throughout the report. Thanks guys!