Fernando
Elite Member
- Joined
- Nov 7, 2016
- Professional Status
- Certified Residential Appraiser
- State
- California
It's an issue because by putting fence few feet inside subject's lot, technically, subject is giving up the precious small square footage to neighboring property.
If I was the neighboring property and I was appraising that house, I wouldn't mention the situation because the neighboring property has more to gain.
However, subject's lost is adverse and lender should decide what they want to do.
If they have no problem, then they can do the loan. If they do have a problem, then lender decides what to do.
As an appraiser, I'm the eyes and ears for the lender unlike Zillow.
If I was the neighboring property and I was appraising that house, I wouldn't mention the situation because the neighboring property has more to gain.
However, subject's lost is adverse and lender should decide what they want to do.
If they have no problem, then they can do the loan. If they do have a problem, then lender decides what to do.
As an appraiser, I'm the eyes and ears for the lender unlike Zillow.