Dry rot on eaves and window screen

[Cowbell]

I reported some deferred items like dry rot on the eaves and missing/broken window screens but did not "subject to" repair. Now the u/w wants me to change my report to "subject to" and do a CIR after repairs done. Was I wrong?
Also, I came in 30k lower than the purchase price and the purchase price was amended to the appraised value. Now the u/w wants me to change my report on the sale price and concession (concession was added after my report). Please help!

 

[ramrcdk]

If I understand you, I might consider a new file number keeping the initial report in tact, "Report" document the UW requests or copy & paste...indicating you were not aware of the changed requests initially, "subject to" on the new file number and make sure concessions are in line with s/c in the market. I would also ask "why"... to be in writing /report documentation for changing the $SP/ concessions and link with the initial report. The assignment has changed from the initial request & provided lender service information. I usually ask prior to inspection "how" they need to handle IF repairs are necessary. Where is the -resigned executed contract...in your work file I hope.

 

[RSW]

The dryrot is a MPR required repair and should have been made subject to. The missing window screens is considered to be cosmetic and is not subject to repair. Make the necessary changes to the report and make it subject to. This is considered a correction and not a new assignment as you did not follow HUD/FHA protocol in the first place. Now, as to the change in contract: Add an addendum with the change in contract information and do not change the contract information on page 1 of the URAR. The new contract is most likely dated after the effective date of your appraisal report.

 

[Aprazr]

RSW.....I have to dis-agree with the 'window screens' being cosmetic. They (when missing/damaged) allow certain pests (mosquitos) in.....ever heard of West Nile Virus? The last one I did, also I said it was cosmetic and performed 'as-is' and the DE Underwriter came back and said it was a safety issue and must require an inspection for completion of repair. I was amazed to say the least. There was a hole in the soffitt as big as two basketballs.....that was cosmetic, but the screens had to be replaced. (ha!)

 

[RSW]

RSW.....I have to dis-agree with the 'window screens' being cosmetic. They (when missing/damaged) allow certain pests (mosquitos) in.....ever heard of West Nile Virus? The last one I did, also I said it was cosmetic and performed 'as-is' and the DE Underwriter came back and said it was a safety issue and must require an inspection for completion of repair. I was amazed to say the least. There was a hole in the soffitt as big as two basketballs.....that was cosmetic, but the screens had to be replaced. (ha!)

So, do you require the installation of window screens when none are present?

 

[Aprazr]

If it is FHA, Yes.

 

[Wil in Norcal]

Are holes in interior walls considered to be cosmetic? There is no exposed wiring or mechanicals just looks like an angry home owner on his way out put his foot through the wall.

 

[RSW]

Are holes in interior walls considered to be cosmetic? There is no exposed wiring or mechanicals just looks like an angry home owner on his way out put his foot through the wall.

Yes, holes in the drywall are considered to be cosmetic unless there are exposed wires. Now, I would say there are exceptions to this rule. depending on how large the holes are.

 

[Cowbell]

But in Appendix D, "holes in window screen" is an example of cosmtic repair. I understand the eaves are part of the structure and should be repaired but it's a "health and safety" issue?

 

[RSW]

But in Appendix D, "holes in window screen" is an example of cosmtic repair. I understand the eaves are part of the structure and should be repaired but it's a "health and safety" issue?

Exactly! Not a required repair.