ADU guidelines updated.

[Dublin ohio]

Always starts with CA which leads the nation.

Down a rabbit hole

 

[Tom D]

I didn't mention, for the 3.6 only form only. How about a 3 unit buiding, and call it 3 adu plus house. Great deal if you have the ground to build it, and can rent 3 adu.

 

[Fernando]

None of the current form are set up for it. As far as something not right................................

It doesn't matter the form. Real appraisers always found a way to implement the ADUs into the report.
I need no handholding from Fannie to deal with ADUs.

 

[Sandra Koutsopoulos]

Hmmm... I'm wondering how the local municipal zoning desk is going to respond to this. Fanny/Freddie overrides SFR zoning... everywhere? or...

 

[Dublin ohio]

Hmmm... I'm wondering how the local municipal zoning desk is going to respond to this. Fanny/Freddie overrides SFR zoning... everywhere? or...

That makes no sense whatsoever. Whether or not Fannie/Freddie finances a type of property does not dictate local zoning regs.

 

[DWiley]

Whether or not Fannie/Freddie finances a type of property does not dictate local zoning regs.

This. 100%.

The GSEs buy loans on several types of properties that would not be allowed where I live.

 

[J Grant]

This. 100%.

The GSEs buy loans on several types of properties that would not be allowed where I live.

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?

 

[J Grant]

It is helpful for appraisers to know what Fannie and Freddie will lend on-though getting a loan approved is a lender issue, not an appraisr issue. An appraiser needs to disclose if illegal zoning ( and then find 2 other comps that sold with illegal zoning ) or if an addition or other aspect is non-permitted ( no building permit ), and then find 2 additional similar feature comps that are non-permitted.

 

[Dublin ohio]

It doesn't matter the form. Real appraisers always found a way to implement the ADUs into the report.
I need no handholding from Fannie to deal with ADUs.

So if it is going to Fannie and has an SFR and 2 adus, you would figure out a way to shoehorn the 2 adus into a 1004. SMH

 

[Tom D]

So if it is going to Fannie and has an SFR and 2 adus, you would figure out a way to shoehorn the 2 adus into a 1004. SMHf

Yea, it's like 2 extra very expensive patios for people to sit on. Now go find the comps dummy. And maybe bracket them to.