SFR, ADU, JR ADU

[ZZGAMAZZ]

I can't find the thread I started a few months ago, but the assignment that went away appears to be coming back into my life.
Questions from before:

--I learned from the AF that GSE's will not accept an appraisal with a JR ADU.
Does that mean that an appraisal cannot be based upon a property with SFR/ADU/Jr ADU, or just that the appraisal of a property with SFR/ADU/Jr ADU cannot include the JR ADU value in the OV?
If the latter of the two alternatives, is a HC required because the Jr ADU that is there is being exclulded from the valuation?

Is thIs a factor that of which a typical loan officer should be aware, or should an appraiser upon considering an assignment advise the LO to discuss with underwriting?

The CA BREA advised me by phone that an appraisal of property with SFR/ADU/Jr ADU could/should include all three units in the SCA valuation, but only the SFR/ADU in the IA, or 1007?
Is that an acceptable premise in peer opinion, or is it client-specific?

That reminds me to request clarification of Nephew Glenn's advice that advice from a state appraisal Board isn't worth squat compared with a real world scenario?

ETC, ETC, ETC regarding any other peer advice about the issue. Regards as always

[BTW, Glenn's previous comments that my services were being requested by lenders who knew that I could be hoodwinked because of my lack of knowledge wasn't accurate. My original post described the coincidence that I was receiving two almost identical assignments; however, the assignments included two different borrowers, two different properties, two different cities, two different counties, two different AMCs, and two different lenders. I appreciate constructive criticism but for an esteemed peer (from whom I have learned so much) to draw a conclusion so speculative forces one to question his motivation. I've been sitting and stewing about being slandered for a month or two, and don't like to defend myself against spurious criticism. . . but I'm preparing to post on the "Jobs Wanted" thread and can't afford to allow my reputation to be sullied--because I can do that for myself without needing help from others!!! LOL]

 

[Fernando]

Why would you care if GSE doesn't accept a Jr ADU.
If you see it's a Jr ADU, call it out. Not your problem if lender or GSE has a problem unless the client had prior notice to you to contact them if you see a Jr ADU.

 

[Dublin ohio]

I can't find the thread I started a few months ago, but the assignment that went away appears to be coming back into my life.
Questions from before:

--I learned from the AF that GSE's will not accept an appraisal with a JR ADU.
Does that mean that an appraisal cannot be based upon a property with SFR/ADU/Jr ADU, or just that the appraisal of a property with SFR/ADU/Jr ADU cannot include the JR ADU value in the OV?
If the latter of the two alternatives, is a HC required because the Jr ADU that is there is being exclulded from the valuation?

Is thIs a factor that of which a typical loan officer should be aware, or should an appraiser upon considering an assignment advise the LO to discuss with underwriting?

The CA BREA advised me by phone that an appraisal of property with SFR/ADU/Jr ADU could/should include all three units in the SCA valuation, but only the SFR/ADU in the IA, or 1007?
Is that an acceptable premise in peer opinion, or is it client-specific?

That reminds me to request clarification of Nephew Glenn's advice that advice from a state appraisal Board isn't worth squat compared with a real world scenario?

ETC, ETC, ETC regarding any other peer advice about the issue. Regards as always

[BTW, Glenn's previous comments that my services were being requested by lenders who knew that I could be hoodwinked because of my lack of knowledge wasn't accurate. My original post described the coincidence that I was receiving two almost identical assignments; however, the assignments included two different borrowers, two different properties, two different cities, two different counties, two different AMCs, and two different lenders. I appreciate constructive criticism but for an esteemed peer (from whom I have learned so much) to draw a conclusion so speculative forces one to question his motivation. I've been sitting and stewing about being slandered for a month or two, and don't like to defend myself against spurious criticism. . . but I'm preparing to post on the "Jobs Wanted" thread and can't afford to allow my reputation to be sullied--because I can do that for myself without needing help from others!!! LOL]

Call it what you want. But Fannie will only accept a SFR with one ADU no matter what you call it.

Special Property Eligibility Considerations | Fannie Mae

This topic contains information on Fannie Mae’s unique property eligibility requirements, including:

selling-guide.fanniemae.com

Why would you care if GSE doesn't accept a Jr ADU.
If you see it's a Jr ADU, call it out. Not your problem if lender or GSE has a problem unless the client had prior notice to you to contact them if you see a Jr ADU.

So even if you know that Fannie will only accept a SFR with one ADU. You would do the appraisal with 2 ADUs and submit it. SMH

 

[ZZGAMAZZ]

Why would you care if GSE doesn't accept a Jr ADU.
If you see it's a Jr ADU, call it out. Not your problem if lender or GSE has a problem unless the client had prior notice to you to contact them if you see a Jr ADU.

F, I have reviewed dozens of AF posts that advise the appraiser to determine in advance whether all assignments are going to GSE, although none of my assignments ever address that factor...

 

[Fernando]

Call it what you want. But Fannie will only accept a SFR with one ADU no matter what you call it.

Special Property Eligibility Considerations | Fannie Mae

This topic contains information on Fannie Mae’s unique property eligibility requirements, including:

selling-guide.fanniemae.com

So even if you know that Fannie will only accept a SFR with one ADU. You would do the appraisal with 2 ADUs and submit it. SMH

I did. One time there was this SFR with a legal ADU and an illegal ADU. I didn't know if lender had a problem with that.
Lender did. Lender wanted illegal ADU to have the gas line capped to the stove (whether owner uncapped it later after I took photo is not my problem). Silly Lender.

 

[ZZGAMAZZ]

Call it what you want. But Fannie will only accept a SFR with one ADU no matter what you call it.

Special Property Eligibility Considerations | Fannie Mae

This topic contains information on Fannie Mae’s unique property eligibility requirements, including:

selling-guide.fanniemae.com

So even if you know that Fannie will only accept a SFR with one ADU. You would do the appraisal with 2 ADUs and submit it. SMH

Special thanks for reference source.

 

[Dublin ohio]

Silly Lender.

Silly appraiser

• The removal of a stove does not change the ADU classification.

 

[Fernando]

Silly appraiser

• The removal of a stove does not change the ADU classification.

In my case, I must have made a convincing change back to SFR though still funky floorplan and like I said owner can easily convert it back. Silly Lender.

 

[sputnam]

It means that a lender would want to see the appraisal treat the property as small multi-family rather than trying to cram an SFR/ADU/SDU Jr onto a 1004 form.

At the end of the day though... the property you are appraising is what it is. If you call it something different, the appraial shouldn't be impacted... as long as you compare oranges to oranges. What can be impacted is whether a lender will accept your appraisal report or not.

 

[J Grant]

I can't find the thread I started a few months ago, but the assignment that went away appears to be coming back into my life.
Questions from before:

--I learned from the AF that GSE's will not accept an appraisal with a JR ADU.
Does that mean that an appraisal cannot be based upon a property with SFR/ADU/Jr ADU, or just that the appraisal of a property with SFR/ADU/Jr ADU cannot include the JR ADU value in the OV?
If the latter of the two alternatives, is a HC required because the Jr ADU that is there is being exclulded from the valuation?

Is thIs a factor that of which a typical loan officer should be aware, or should an appraiser upon considering an assignment advise the LO to discuss with underwriting?

The CA BREA advised me by phone that an appraisal of property with SFR/ADU/Jr ADU could/should include all three units in the SCA valuation, but only the SFR/ADU in the IA, or 1007?
Is that an acceptable premise in peer opinion, or is it client-specific?

That reminds me to request clarification of Nephew Glenn's advice that advice from a state appraisal Board isn't worth squat compared with a real world scenario?

ETC, ETC, ETC regarding any other peer advice about the issue. Regards as always

[BTW, Glenn's previous comments that my services were being requested by lenders who knew that I could be hoodwinked because of my lack of knowledge wasn't accurate. My original post described the coincidence that I was receiving two almost identical assignments; however, the assignments included two different borrowers, two different properties, two different cities, two different counties, two different AMCs, and two different lenders. I appreciate constructive criticism but for an esteemed peer (from whom I have learned so much) to draw a conclusion so speculative forces one to question his motivation. I've been sitting and stewing about being slandered for a month or two, and don't like to defend myself against spurious criticism. . . but I'm preparing to post on the "Jobs Wanted" thread and can't afford to allow my reputation to be sullied--because I can do that for myself without needing help from others!!! LOL]

Califfornis as I understand allows a house and two ADUs on one property. One is called a Junior ADU>? Ok....

But the lender may or may not be able to accept it. So ask them. Otherwise, it is a triplex, ( three unit ).