Cost to Cure

[Terrel L. Shields]

C2C would be an adjustment from C4 comps to the C5 subject... subtract cost to cure from them.

 

[glenn walker]

So the GSEs give us guidelines that are impossible to follow? We can't determine if something affects structural integrity?

This is not a GSE issue its a liability issue and as appraisers if we believe a property may have an-issue with Structural Integrity we call for the appropriate Professional to inspect it. If I placed a statement in my appraisal about the Structural Integrity and a buyer purchased the property-moved in it and discovered it had say foundation issues that were not visible -I may end up in a lawsuit . Hey the appraiser said its was structurally sound and we relied on his assessment. Now if the appraiser wants to stick his neck on the guillotine I don't care thats a business decision.