Gated Community

[Delta85]

It sounds like an unusual job with an unusual fee and circumstances.

I'm thinking the same thing. That does not sound like your average review to me. To take 3 weeks to arrange access is much more than most clients will expect/tolerate when they are looking to have the entire report back within days. I hope the fee matched the time and effort it took making phone calls and arranging access.

 

[J Grant]

You make a commando style raid...dress in Ninja black. At midnight, scale the community concrete wall, run though the bushes to the subject house, take a photo using your night vision googles, then escape as the roving security guard sets the guard dogs after you.

 

[JSmith43]

It would be prudent for lenders to condition loans with inspection rights for audit purposes and for evaluating default conditions.

Maybe there is something in the closing packages for gated communities. We don't have many around here. In outlying areas they prefer a couple water cooled M2's in disguised pillboxes.

OK. Just kidding about that, but it would be really cool to have an estate with a couple of faux pill boxes and what looked like heavy machine guns on motorized turrets scanning a random pattern. Door to door sales people might just move along rather than walk past the no trespassing, live fire sign.:laugh:

Maybe for Halloween?:new_snipersmilie:

 

[Couch Potato]

So if the guard refuses access and the HOA was unhelpful and there is no realtor or homeowner contact what other options are there and what is the due diligence expected at that point? Would it not be the client and/or owner who is responsible for supplying access?

At some point the client must agree to a change in scope of work, or the order must be canceled if all efforts fail. In the example I gave I went to extraordinary lengths due to the client's needs and willingness to pay.

 

[Delta85]

At some point the client must agree to a change in scope of work, or the order must be canceled if all efforts fail. In the example I gave I went to extraordinary lengths due to the client's needs and willingness to pay.

Makes sense to me. Especially when the client is willing to pay for the extra effort. I would not go to those lengths for a client unwilling to compensate for it.

 

[BRCJR]

It would be prudent for lenders to condition loans with inspection rights for audit purposes and for evaluating default conditions. ................................................................................................................................................... :

That is a very good idea and lenders do this. It still does not help with the comparable side of the equation in a field review.

 

[J Grant]

Lenders can ask for it and a borrower sign it...doesn't mean a borrorwer is going to answer the phone or let an appraiser in etc...

Signing a contract with the lender is binding till the borrower decides otherwise...the borrower signed a contract with lender they would make mortgage payments and and they stop paying, niave to think they are going to cooperate at that point and let an appraiser in. Besides, most banks specify to the appraiser not to contact the homeowner in a review.

 

[JSmith43]

JGrant, in extreme cases, like the one CP outlined, the mortgage document could be used as proof that the owner had given prior consent. Such evidence could easily influence the HOA to decide in favor of permitting an inside the gate inspection.

 

[J Grant]

If the OP used the mtge document that is very smart of him! I have no idea what he did or circumstances around his entry as he stopped posting about it.

 

[Sunshine in VA]

If the OP used the mtge document that is very smart of him! I have no idea what he did or circumstances around his entry as he stopped posting about it.

I believe you meant to say CP as in Couch Potato, not OP

The OP was not the one who performed the review appraisal...some appraiser working for an AMC did.