- Jun 6, 2008
- Professional Status
- Certified Residential Appraiser
- Rhode Island
I received a request to do a FHA final inspection on a property where one of the items I flagged was removal of mold on some of the finished basement walls. For some reason they decided to totally gut the finished basement area. So while there is no mold present anymore, there is also no finished basement anymore. Since the basement was finished as of the effective date of the original appraisal, it was given value. Now that it is not, how should I go about this? Simply check the box that all conditions have been met and disclose that the basement is no longer finished? Is there any thing else anyone recommends that I do?