Here We Go Again W/ Smoke Detectors. Conv. Loan

[Frankenstein]

I live in Maryland which has a law you have to have smoke alarms on at least each level. I am doing a Conventional loan and 1 floor is missing one. 2nd floor and basement have one. To me this is a safety issue. On FHA i always note if some are missing (I know it is not an FHA requirement but a state/local). Should I mark it as "subject to" and note the lack of alarm on a Conventional Purchase? Thanks

 

[CANative]

No. It's not an imminent hazard or safety issue. It is a statistical safety issue. Read your engagement letter. Some clients want photos and want the appraisal conditioned on installation. Others don't and just want it reported. If there is no specific request or requirement to make a condition then just report it.

Here in CA, the requirement is one smoke detector in each sleeping area and one where sleeping areas cluster. A CO alarm is required on each level.

 

[glenn walker]

Agree with CAN !

 

[Tim The Enchanter]

If they don't ask for that info, I don't tell.
Or check during inspection.

 

[VALU8]

Happens really often. Or the double strapping the water heater fun.

I've considered buying a few units/straps and just keeping them in the car with a separate receipt for each- Then just selling the units for what I bought them for... buuuuuut it might give someone an excuse to accuse the appraiser of unethical conduct, it's just not worth getting in trouble for even with good intentions.

 

[Terrel L. Shields]

do what your "peers" do...lie.

 

[ucbruin]

do what your "peers" do...lie.

Do you consider yourself our peer?

 

[Carnivore]

Here is my position ...If its a Requirement to Report the absence of or missing X # in your report then do so...If its not a requirement then be proactive and mention it in the report ..but don't condition it.

Why do it that way? Simple its called being Risk Adverse. It also does not take a lot of time to make the notification.

 

[Addie]

If my report is to adhere to GSE guidelines, selling guide. I do subject to as the selling guide states. (Subject to per selling guide) like to let the reader know, why subject to)

If Report doesn’t need to adhere to GSE guidelines. I don’t even bring up and do as-is.

So to answer your question need to know more about assignment. Conventional loan doesn’t tell us anything.

 

[CANative]

If my report is to adhere to GSE guidelines, selling guide. I do subject to as the selling guide states. (Subject to per selling guide) like to let the reader know, why subject to)

If Report doesn’t need to adhere to GSE guidelines. I don’t even bring up and do as-is.

So to answer your question need to know more about assignment. Conventional loan doesn’t tell us anything.

Did a word search in the 2018 FNMA selling guide and "smoke" only appears once ( "Extended coverage must include, at a minimum, wind, civil commotion (including riots), smoke,
hail, and damages caused by aircraft, vehicle, or explosion.")

No alarm.
No detector.

Where are you getting the notion that the GSE's require this?