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Having a discussion at the office with another appraiser and we are at a disagreement as to whether or not FNMA allows extraordinary assumptions regarding permits (ie appraisal based on the extraordinary assumption that all improvements are permitted) particularly when the house is larger than...
There has been a continuous, running gun-battle between a small contingent of appraisers on this forum and others regarding how one should address a non-permitted component of a house in regards to H&BU analysis when completing an assignment that needs to comply with the Fannie Mae guidelines...