- Feb 7, 2008
- Professional Status
- Certified Residential Appraiser
I inspected a property for an FHA appraisal and one of the garage stalls had been finished into living area by the previous homeowner, however, a building permit was not obtained. What is the protocol for this? I didn't include the GLA in the appraisal and explained the situation but I was told that the addition makes the property non compliant with FHA guidelines. I've read the FHA guidelines twice and cannot locate any comments about this. Help!!! Also, the bank has requested that I have 5 years minimum licensed appraisal experience after the report was sent to them. I have 21/2 years of licensed experience and 21/2 years of apprenticing. Can they require this after the approval for the loan?