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  #1  
Old 05-24-2007, 08:34 AM
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JTip JTip is online now
 
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Default Form 216

A legal, granfathered, non-conforming multi-unit in single family zoning. Lender is asking for a form "216"? Can the unit be rebuilt if destroyed? Call the borough council, go to the planning meeting, borough engineer is on vacation.....is it my job to determine if it can be rebuilt as-is?


.....help.....

Shane
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Old 05-24-2007, 08:36 AM
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Mike Garrett, RAA Mike Garrett, RAA is offline
 
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Pssst....not my job!
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  #3  
Old 05-24-2007, 08:37 AM
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I agree Mr. Garrett.

Drinking that full strenght coffee this morning huh?
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Old 05-24-2007, 09:12 AM
challenger challenger is offline
 
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I have had this request quite often in Pensacola, Fl. The planning and zoning department will issue a statement here. If the engineer is the only one that can do it they will just have to wait. The planning and zoning department should know the answer to this not the engineer.
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Old 05-24-2007, 09:45 AM
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Form 216 is .................. Operating Income Statement.

Geez, just ask for it. Don't give some number I can't look up.

I will leave the rebuild assumptions to a professional.

Thanks all,
Shane
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Old 05-24-2007, 11:20 AM
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josephdifranco josephdifranco is offline
 
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Its actually a question for non conforming properties on the condo form. The other forms don't have it but its a common lender question.

You can offer more of a service if you can answer the question for them, you are liable for your answer, but quote your sources and ask the right questions and you should be fine.

You could tell the lender its not your job, but the investor might reject the loan, then you have a not happy client.
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