ADU guidelines updated.

[TC]

Always starts with CA which leads the nation.

in wackos.

 

[DWiley]

If they are interested in risk management, why do they keep loosening property standards to buy loans on not permitted, not legal, and other riskier kinds of properties?

Why do you think that is the case? I said no such thing. A duplex would not be legal in my development, but the GSEs buy loans on such properties where they are legal.

 

[J Grant]

Why do you think that is the case? I said no such thing. A duplex would not be legal in my development, but the GSEs buy loans on such properties where they are legal.

I did not say you said it - I said it ! ( as a rhetorical question /comment )

I know you do not personally run things there, but the GSE;s are always going on and on about risk management, yet what we see is a continued loosening up of standards for what kind of properties they are willing to loan on

 

[DWiley]

I did not say you said it - I said it ! ( as a rhetorical question /comment )

I know you do not personally run things there, but the GSE;s are always going on and on about risk management, yet what we see is a continued loosening up of standards for what kind of properties they are willing to loan on

You are aware that some jurisdictions allow more than one ADU, right? All the Fannie announcement effectively does is say that in such jurisdictions, they will buy loans on such properties.

GSE policy does not change local building restrictions.

 

[J Grant]

You are aware that some jurisdictions allow more than one ADU, right? All the Fannie announcement effectively does is say that in such jurisdictions, they will buy loans on such properties.

GSE policy does not change local building restrictions.

No problem with that - I was referencing Fannie approving non-permitted and not legal properties (including ADUs)

 

[Dublin ohio]

No problem with that - I was referencing Fannie approving non-permitted and not legal properties (including ADUs)

The alternatives being?

 

[Fernando]

I've been dealing with ADUs since licensing began. How markets view ADUs have evolved and changed.
Always been challenging in dealing with ADUs and I either avoid them if I can or charge premium.
Regardless the changes, appraisers have to see how market values ADU.
Many appraisers wish there was simple way to deal with them and hoped UAD 3.6 was the solution.
Unfortunately, appraisers still have to do their analysis and decide best way to deal with them especially with new ADU guidelines from Fannie.

 

[Dublin ohio]

've been dealing with ADUs since licensing began.

Yet you still come to this forum dazed and confused about ADUs

Unfortunately, appraisers still have to do their analysis and decide best way to deal with them especially with new ADU guidelines from Fannie.

It's not that difficult. It is either an adu or it isn't. It is either legal per zoning or it isn't. You deal with it just as you would any other amenity.

 

[Fernando]

Yet you still come to this forum dazed and confused about ADUs


It's not that difficult. It is either an adu or it isn't. It is either legal per zoning or it isn't. You deal with it just as you would any other amenity.

Must be easy to appraise ADUs in Ohio.
CA is more difficult in that appraisers not only have to look at zoning and permits but has to see and look at different aspects if market gives value to the "ADU" since each is different.

 

[Dublin ohio]

Must be easy to appraise ADUs in Ohio.

Actually it is more difficult since they are not common, at least in my markets