Help Please! Window Bars, No Releases

[Honey West]

Do I make this curable functional obsolescence a " Subject To" condition? It seems to me that it's a definite yes,given the safety hazard but want to verify-- maybe "As-Is " with a notation and addressed in depreciation is enough? Also, any ideas on a cost to cure greatly appreciated! Thank you!

 

[Tim The Enchanter]

Report what you see, move on.

 

[Terrel L. Shields]

123456

 

[Randolph Kinney]

Do I make this curable functional obsolescence a " Subject To" condition? It seems to me that it's a definite yes,given the safety hazard but want to verify-- maybe "As-Is " with a notation and addressed in depreciation is enough? Also, any ideas on a cost to cure greatly appreciated! Thank you!

Cite the California Code of Regulations. Title 24, Part 12, CHAPTER 12-3 RELEASING SYSTEMS FOR SECURITY BARS IN DWELLINGS, make the appraisal subject to with a cost to make repairs.

 

[Tim The Enchanter]

make the appraisal subject to with a cost to make repairs.

Unless for FHA, I don't think I ever have.
The couple times I got called back to verify it was "cured" the bars had been removed.
Cost would be more or less nominal.

 

[Randolph Kinney]

Unless for FHA, I don't think I ever have.
The couple times I got called back to verify it was "cured" the bars had been removed.
Cost would be more or less nominal.

True, removing the bars is a cure however, when you go, the bars go back on the windows or doors. The cost of repair is to install quick release mechanisms, which should have been done when the bars were installed.

 

[glenn walker]

Just report no releases on the security bars ( if on bedrooms ) no cost to cure the underwriter will condition the bars to be removed or releases to be installed and you will go back out and do a 1004-D

 

[Tim The Enchanter]

True, removing the bars is a cure however, when you go, the bars go back on the windows or doors.

I'm pretty sure they did go right back up.
I'm not the security bar police or their safety nanny.
I can't fix stupid, but I can cover my azz with a photo.

 

[Elliott]

Four prisoners from Santa Clara escaped yesterday from jail by sawing thru jail bars, so its curable.

 

[Slappy]

I run into these issues a lot in Oaktown/Richmond. You can apply the FHA mindset, consider it a safety issue and condition them to be either taken out or modified with safety release mechanisms. Most borrowers take them off, I reinspect, and the put them back on. The California law is that bars installed without safety mechanisms prior to approx. 1991 are "grandfathered" in that the installation preceded the law. So technically, older security bars without release mechanisms are "tolerated". But who wants to have chldren sleeping in those rooms? I always note security bars if they are on bedrooms which lack an outside door. I have not had a lender not condition them to be removed or modified. For FHA, I always condition their removal as a safety issue.