- Dec 13, 2006
- Professional Status
- Certified Residential Appraiser
I have just completed an appraisal for a property for one of the larger mortgage companies. Two days after the file was submitted I am now being asked to submit a BCE addendum. I hope you "guys' do not "ream" me but I have not heard of this nor can I find it in my software or on the Fannie Mae website. The subject is an older single family residence typical to surrounding dwellings. It was a bank repo property that is now being sold. The appraisal was based on "as is" condition which was poor. I told them the condition before I completed the report to warn them. All of my sales were similar in condition. I included information on the addendum discussing the condition at nausea. Can anyone give me some data on the request? Thank you so much!