Concession Adjustments

[David S. Roberson]

Does anyone put a zero when no concession adjustments are made?

 

[Deleted member 134708]

Edit: removed my response as it was anything but correct. Sorry.

 

[David S. Roberson]

Really? Cause I've never had a request for it before, and I've never put a zero in the field when no adjustment is made. Why, then, wouldn't you put a zero when no time adjustment is made? I can't find any instruction that says this field requires a zero for no adjustment.

 

[Deleted member 134708]

.

 

[BRCJR]

Really? Cause I've never had a request for it before, and I've never put a zero in the field when no adjustment is made. Why, then, wouldn't you put a zero when no time adjustment is made? I can't find any instruction that says this field requires a zero for no adjustment.

Requirement page 22 and 23 of 43 Uniform Appraisal Dataset Specification Appendix D.

Follow up---please see post 11.

 

[Dublin ohio]

Requirement page 22 and 23 of 43 Uniform Appraisal Dataset Specification Appendix D

Does not answer op's question. If I remember correctly. It is not required to place a 0 in the concession line for lack of adjustment. Not a hard stop. Have never placed a 0 myself in the same situation. Never questioned since UAD started

 

[J Grant]

no

 

[BRCJR]

Does not answer op's question. If I remember correctly. It is not required to place a 0 in the concession line for lack of adjustment. Not a hard stop. Have never placed a 0 myself in the same situation. Never questioned since UAD started

See post # 11

 

[BRCJR]

double post

 

[David S. Roberson]

"Line 2 The appraiser must enter the financing type from the list below and the total amount of concessions, if any, for each settled sale. If there are no sales or financing concessions, enter the numeral zero (0)."

This does not mean to enter "0" on the adjustment line.