Condo Unit Numbers

[J themer1]

My client insists on a including a unit number that only exists on the plat map. It is not in the street address. Street address is different and is what is on the door to the unit. All units have separate addresses. Client says it's in the legal description by the title company. I do not see it in the public records legal description. Client says it's noted by USPS and I do not see it there either. Now they want this bogus unit number on all pages. Comments welcome.

 

[Peter LeQuire]

Obtain a copy of the title company's binder, which will include the correct legal description and address. If the client questions what your research shows, have them provide you the correct information. The legal description may well not be the USPS standardized address.

https://tools.USPS.com/go/ZipLookupAction!input.action

 

[J themer1]

Yes and thank you. I did make the request and am waiting on it. They think I'm being difficult but I just want support for what they are requesting as they require support for all my work.

 

[Person of Noninterest]

If the report requires UAD compliance, I would input what USPS.com says and leave it at that. If the lender doesn't like it, tell them you will have to issue them a non-UAD report and see how that goes over.

 

[RSW]

If the report requires UAD compliance, I would input what USPS.com says and leave it at that. If the lender doesn't like it, tell them you will have to issue them a non-UAD report and see how that goes over.

Exactly. I have had that happen 2 time since the UAD went into effect.

 

[CindyR]

If the report requires UAD compliance, I would input what USPS.com says and leave it at that. If the lender doesn't like it, tell them you will have to issue them a non-UAD report and see how that goes over.

I would disagree with this perspective. The physical address for postal purposes is often very different from the legal description of the property. These are two different data elements and not necessarily the same, especially for condo type properties.

 

[RSW]

I would disagree with this perspective. The physical address for postal purposes is often very different from the legal description of the property. These are two different data elements and not necessarily the same, especially for condo type properties.

The OP said the client wants the unit # in the physical address. Adding the unit # will cause the appraisal to fail the UAD test and it will be rejected. There are times when the unit # is part of the physical address and there are times when it isn't. Fannie says to put *.* when there is no unit #.

 

[TRESinc]

The OP said the client wants the unit # in the physical address. Adding the unit # will cause the appraisal to fail the UAD test and it will be rejected. There are times when the unit # is part of the physical address and there are times when it isn't. Fannie says to put *.* when there is no unit #.

actually fannie says to use a dash, "-", not a period.