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pkbarnhart
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Standard Rule 1-5 says I need to analyze any current listing. (binding)
I am completing a 2055 which has no blanks for "listing data" on a home that was listed for approx. 6 months and is now off of the market. The owner says that they decided to "add on" rather than "move up". I don't see where the past listing has any affect on the current market value and LO says that if I mention that the home was listed within the past 6 months then the company won't make the loan.
What do you think? Do am I legally required to discuss past listings if I determine that they have no relevance to the current market analysis?
Any feedback would be greatly appreciated.
I am completing a 2055 which has no blanks for "listing data" on a home that was listed for approx. 6 months and is now off of the market. The owner says that they decided to "add on" rather than "move up". I don't see where the past listing has any affect on the current market value and LO says that if I mention that the home was listed within the past 6 months then the company won't make the loan.
What do you think? Do am I legally required to discuss past listings if I determine that they have no relevance to the current market analysis?
Any feedback would be greatly appreciated.