ANSI

[shrubberyvaluation]

This is what I'm trying to figure out. Most split-levels in my market area include a lower level which is partially below grade in the square footage (used by county/tax records and MLS). HUD/FHA states that it is acceptable to make exceptions like this based on local norms, so I do just that, and make the requisite commentary. But the way the ANSI letter from Fannie reads, it seems that lower levels are unable to be included in GLA if they are even a tiny bit below grade. Seems weird that FNMA would be more stringent than HUD on this matter...

I don't use floors that are partially below grade in split levels as GLA even though the accessor does. I just back out any level(s) they include from the accessors GLA. I can see an argument if the market values it the same. Typically around me if there is a split level with 1,500 Sq.Ft. with 3 even splits (with one partially below grade) the market will see it more similar to other properties around 1,000 Sq.Ft. GLA, not properties that are 1,500 Sq.Ft. GLA.

 

[RCA]

I know I am going to get beat up on for this ---

But observing a lot of videos of the very top leadership in the profession, I would say there are, based on my experience - a lot of pot heads. Smoking weed does allow the mind to span a universe of ideas - but only in a shallow superficial sense. Yes you can be aware of a vast array of conceptual structures presented in reading documents. But there is no depth to the awareness. It is shallow and the THC mind is not capable of critical thinking.

So, we have a leadership that is very superficial in its understanding. They accept the conclusions of others, but can not critique their soundness.

About 50-75% of the current top leadership in the profession should be fired. Just fired. We would be so much better off.

 

[Terrel L. Shields]

About 50-75% of the current top leadership in the profession should be fired. Just fired. We would be so much better off.

No quarrel from me....I am about to sit through the dreariest 7 hours of my life...a redundant USPAP CE Update...just shoot me.

 

[TerryRohrer]

No quarrel from me....I am about to sit through the dreariest 7 hours of my life...a redundant USPAP CE Update...just shoot me.

It is a particular treat this go-around, without any changes to USPAP to even fill part of the day. We didn't think it was possible for this to be more of a waste of a day, but they found a way!

 

[Carnivore]

UNINTENDED CONSQUENCES

In this day and age of Wokeism, the Height Challenged Peeps are going to raise cane with the Lender and probably file a complaint with the State over your sketch.

Another area that will be problematic for the lending community is the Cost of Home Inspections, specifically a Sketch/floor plan. IF the AMC Dot Com's think they are going to pay the legions of home inspectors chump change. I got bad news for them. Johnny Paycheck

 

[djd09]

This is what I'm trying to figure out. Most split-levels in my market area include a lower level which is partially below grade in the square footage (used by county/tax records and MLS). HUD/FHA states that it is acceptable to make exceptions like this based on local norms, so I do just that, and make the requisite commentary. But the way the ANSI letter from Fannie reads, it seems that lower levels are unable to be included in GLA if they are even a tiny bit below grade. Seems weird that FNMA would be more stringent than HUD on this matter...

it's a trap