- Sep 12, 2003
- Professional Status
- Certified Residential Appraiser
I have a question. Just completed a condo report and there was information that was unobtainable in the normal course of business and was not on the lender questionnaire either. I made the report subject to the extraordinary assumption that the information did not materially affect the value and used CB4 on the reconciliation section. Now the lender is giving me a hard time saying, it has to be as-is since you aren't requiring an inspection. I know there is something in the Fannie Mae guidelines about this, but I can't find it and am hoping that one of the braintrust on here has it readily at hand. If you have something I can cite from the Fannie Guideline, please let me know. I explained that making it "as-is" would be misleading and that I would not submit it that way.