Around here in East Tennessee, we have a lot of homes with asbestos siding. Whats really kind of funny is that appraisers will call it a lot of different things on their reports, but, they never call it asbestos siding. When i first came here from the UK, i bought a house with asbestos siding. I didnt know it though as back home, ALL homes are brick. When i found out what it was, i researched the subject and learned that it was safe while intact. I have never had a lender question me when i say the house has asbestos siding, especially when its in good condition. And the problem with vinyl siding is, you never know whats underneath. Yeah, it may look pretty, but some goon may have gone right over broken asbestos, rotten wood etc....