Permits

[Mr Rex]

In some places Permits are available online. Locally they are not and there is a fee for them to research and they kinda look at you sideways if you are not the owner. So its not readily available in the normal course of business and I always make it subject to the owner/borrower providing permits if the lender requires verification of permits.

 

[Mike Kennedy]

Dude. Seriously?

You are so far out in left field it reminds me of those appraisers who forget that their job is to determine value but instead think they are to do everything else like perform a title search, home inspection, mold testing, and be a structural engineer who draws a architect level sketch.

Read your dang report. Look at item 1 on your assumptions and limiting conditions.

The Appraiser will not be responsible for matters of a legal nature that affect EITHER the property being appraised or the title to it.


Don't you have some permits to pull?

Suitable for framing on your office wall. You might wish to read the second half of sentence one

 

[Ahhhh Yeahhhh]

During the research involved n performing the appraisal????

You mean there was a stack of permits included with your engagement letter? I've never gotten that.

Why would you go looking for the permits? Do you also check the polarity of the electrical outlets? What about radon? Do you check for Radon too?

Look at the property like a buyer. Does a buyer look for or pull permits? Nope. They don't give a crap. No one gives a rip except the permit office because thats their revenue stream.

A building or construction permit is a matter of a legal nature. Unless someone brought it to your attention that the house was not permitted or otherwise indicated that there was a problem with the title or construction.... Then you don't know about it.

What about termites? Do you require a wood infestation report on a property before you can develop an opinion of market value? WHY NOT?

 

[Mike Kennedy]

Dude. Seriously?

You are so far out in left field it reminds me of those appraisers who forget that their job is to determine value but instead think they are to do everything else like perform a title search, home inspection, mold testing, and be a structural engineer who draws a architect level sketch.

Read your dang report. Look at item 1 on your assumptions and limiting conditions.

The Appraiser will not be responsible for matters of a legal nature that affect EITHER the property being appraised or the title to it.


Don't you have some permits to pull?

Suitable for framing on your office wall. You might wish to read the second half of sentence one

View attachment 32178

 

[Mr Rex]

During the research involved n performing the appraisal????

You mean there was a stack of permits included with your engagement letter? I've never gotten that.

Why would you go looking for the permits? Do you also check the polarity of the electrical outlets? What about radon? Do you check for Radon too?

Look at the property like a buyer. Does a buyer look for or pull permits? Nope. They don't give a crap. No one gives a rip except the permit office because thats their revenue stream.

A building or construction permit is a matter of a legal nature. Unless someone brought it to your attention that the house was not permitted or otherwise indicated that there was a problem with the title or construction.... Then you don't know about it.

What about termites? Do you require a wood infestation report on a property before you can develop an opinion of market value? WHY NOT?

If they have a RE agent worth a sheet they do.

 

[Mike Kennedy]

"Why would you go looking for the permits?"

Re-read posts 13,14, & 16. If the info troubles you, suggest you discuss it with the authors. Meanwhile, feel free to re-read the FNMA Limiting Conditions post several times daily.

 

[Restrain]

I had a reviewer for a lender call me about a garage enclosure permit. I explained that they were not available on-line, and, further, if I contacted the permit office and asked about such a permit, I could get in trouble from a legal pont by disclosing confidential information. He ended up agreeing with me.

 

[TRESinc]

Do you also check the polarity of the electrical outlets?

back when i did FHA and VA work we had to test one outlet in each room.

Look at the property like a buyer. Does a buyer look for or pull permits? Nope. They don't give a crap. No one gives a rip except the permit office because thats their revenue stream.

nice untrue blanket statement. i check permits on every property i buy, both for my own personal use and for rentals.

 

[timd354]

I have a sale where they did new roof, electric, heating, cooling, plumbing, I asked for permits and client says I have no right to ask for permit, are they right?

Why residential appraisers want to play the permit police is beyond me given the pre-printed SOW and limiting condition 1 on the URAR:





Unless the appraiser has actual knowledge that the improvements are not permitted or that knowledge is found or should be found in the normal course of business of performing the appraisal based on an appropriate SOW. Researching permits is simply not a part of the normal course of business for a typical mortgage related appraisal with the typical and appropriate SOW.

 

[Mr Rex]

Why residential appraisers want to play the permit police is beyond me given the pre-printed SOW and limiting condition 1 on the URAR:

View attachment 32181


View attachment 32180
Unless the appraiser has actual knowledge that the improvements are not permitted or that knowledge is found or should be found in the normal course of business of performing the appraisal based on an appropriate SOW. Researching permits is simply not a part of the normal course of business for a typical mortgage related appraisal with the typical and appropriate SOW.

Coming from you timd this is laughable. (90-95 percent of AMC ordered appraisals have specific language that off loads this requirement on the appraiser. You are as out of touch as Joan Trice in general on this specific issue and you should care about who you are associated with...