Sales Comparison Grid & Cost to Cure

[Surf Cat]

You saw what Dwiley posted. The easiest way is do subject to and go back for final inspection. Keep it clean as possible. With VA or FHA it is not even a question really. It is subject to unless it is REO or liquidation.

I guess you don't read all the posts....

 

[Mejappz]

Watch this turn into a 30-page thread. Lol

 

[Terrel L. Shields]

Watch this turn into a 30-page thread. Lol

Exactly. Seems a lot of people overload a circuit when they try to put the FNMA round rules into a square hole...
Non-conforming loans REQUIRE an "as is" value - period.

It is too late for the easy solution. Call the client and see if they want to wait a few days until the roof is done, or if they want it "as is" with cost to cure. Never hesitate to call the client.

 

[Zoe]

I just had one where contract had new roof in it and agent asked me if I wanted to go ahead or wait and I said I can go ahead because I know how roofers are and sometimes they are way slower than they say they are and it will be quicker in the long run. It had other required repairs as well. So it was going to be subject to regardless.

But, in this case the OP has ..............it probably would have been easier to wait until roof was completed.

 

[Zoe]

I try to find the quickest way for me and everybody involved. But haste makes waste if you are not careful.

 

[J Grant]

Teh cot is to lay he eisting tiles,s not for a tile

You saw what Dwiley posted. The easiest way is do subject to and go back for final inspection. Keep it clean as possible. With VA or FHA it is not even a question really. It is subject to unless it is REO or liquidation.

That is not what D Wiley said and the Op's client wants it done AS IS,

 

[Zoe]

Teh cot is to lay he eisting tiles,s not for a tile

That is not what D Wiley said and the Op's client wants it done AS IS,

Okay, do "as is" and cost to cure in addenda. Conventional, FHA, or VA are not that way when they are going to a GSE. Only on REO or liquidation.

 

[Zoe]

An in house loan for a bank is fine to do condition adjustment. Don't use GSE form.

Your fine doing "AS IS" and making condition adjustment.

Cost to cure plus entrepreneurial incentive is fine to support the condition adjustment.

 

[Surf Cat]

An in house loan for a bank is fine to do condition adjustment. Don't use GSE form.

Your fine doing "AS IS" and making condition adjustment.

Cost to cure is fine to support the adjustment.

Dear Zoe,

Your services are no longer required.

Regards,

Slipshot AMC

 

[Zoe]

Not me JGrant. Tell me when roof is finished. I'll use the GSE form. Otherwise, it will cost you more money.