2 Parcels on One Appraisal?

[Webbed Feet]

Well, that was a snarky last comment.. .. Don't worry, forum posters with "high number(s)" of forum posts are used to the very ineffective put down you just used. What you missed is that one has already been used as much as threads on comp checks exist on the forum. (nothing new here) Besides, as long as posters like Mr. Shields are around, posters like myself are mere children. That would make you prenatal in a relative way... I suppose this should be "obvious" to anyone that posts.

So really all you have been saying is the scope can be affected by a loan requirement. Then typically, as few lenders appreciate collateral for a loan getting sold out from under them without their knowledge, most mortgages can have contracted issues about that, procedures to follow if the selling of pieces of the collateral may be desired, or just not allowed. Also, as there could always be a dozen tenants in common, as well as multiple buyers, your entire "one seller, one buyer" examples were just your hope for clear communication for examples sake. It was hypothetical speaking only for that purpose, right? Not to be taken literally? I mean, afterall, anyone with anything to do with Real Estate would find that obvious too, huh?

 

[Pittsburgh Pete]

So really all you have been saying is the scope can be affected by a loan requirement. Then typically, as few lenders appreciate collateral for a loan getting sold out from under them without their knowledge, most mortgages can have contracted issues about that, procedures to follow if the selling of pieces of the collateral may be desired, or just not allowed. Also, as there could always be a dozen tenants in common, as well as multiple buyers, your entire "one seller, one buyer" examples were just your hope for clear communication for examples sake. It was hypothetical speaking only for that purpose, right? Not to be taken literally? I mean, afterall, anyone with anything to do with Real Estate would find that obvious too, huh?

Boy, someone sure got his feathers ruffled.

As someone who has been real estate for a looooong time, I am not literal enough to assume his "one seller, one buyer" scenario would preclude partnerships, corporations, etc. I assumed no one else would as well and certainly felt that his meaning was obvious.

It's Friday Webbie--kick back and have a beer!! Sounds like you need it!

 

[Michigan CG]

..........I am fairly new to this forum, so I just wonder do we get a prize for a high number of posts? Am I missing here something?[/FONT]

Some of the people on this forum with high post counts have taught other members on this forum than they learned from their QE and "mentor" combined. Tread carefully.

 

[Ken B]

You missed "more."

And that ends my contribution for the day.

 

[Mr Rex]

Always paints with a broad brush. When a portion of a property encumbered by a loan is sold off, the loan does not necessarily have to be re-done, only a release is necessary with appropriate description of the remaining encumbered property required. I guess is all you know is Fannie, you have a view from behind.

I have a high post count due to untreated ADDHD, multiple monitors, and limited tolerance for ignorance.

 

[Michigan CG]

...... When a portion of a property encumbered by a loan is sold off, the loan does not necessarily have to be re-done, only a release is necessary with appropriate description of the remaining encumbered property required......

I did an assignment like this a couple months ago. Guy sold 3,500 SF of his lot to his neighbor. Of the 50 or so residential appraisals completed this year, about 20 were for fannie. There is diversification in residential appraising if you look for it.