Jurisdictional Exception

[Bella Crocheron]

My question regards Jurisdictional Exceptions, and when one is acceptable to use.

I am currently working on a V.A. appraisal ( I am not VA approved, it is the owner of the company that is and we are working on the assignment together).

The subject consists of two parcels, one with approx. 30 acres, the other with approx. 7 acres.

Although the appraisal would be difficult to perform using both parcels and all acreage (subject located in market area with more commonly 5 acre parcels), I believe it would be possible. The appraiser I am working with called and talked to the client, telling them the subject is sort of an odd-ball in market area. Apparently, the client told him to only appraise the subject dwelling as if it were on 5 acres.

When he explained this to me, I immediately thought...Ok, I will use a hypothetical condition...but he told me to use a Jursidictional Exception.

Can anyone give me any advice on this one? The appraiser I work with has many, many, many more years of experience, so If I disagree, I will need much proof and good explaination.

Thanks in advance!

 

[PropertyEconomics]

My question regards Jurisdictional Exceptions, and when one is acceptable to use.

I am currently working on a V.A. appraisal ( I am not VA approved, it is the owner of the company that is and we are working on the assignment together).

The subject consists of two parcels, one with approx. 30 acres, the other with approx. 7 acres.

Although the appraisal would be difficult to perform using both parcels and all acreage (subject located in market area with more commonly 5 acre parcels), I believe it would be possible. The appraiser I am working with called and talked to the client, telling them the subject is sort of an odd-ball in market area. Apparently, the client told him to only appraise the subject dwelling as if it were on 5 acres.

When he explained this to me, I immediately thought...Ok, I will use a hypothetical condition...but he told me to use a Jursidictional Exception.

Can anyone give me any advice on this one? The appraiser I work with has many, many, many more years of experience, so If I disagree, I will need much proof and good explaination.

Thanks in advance!

Suggest you look up the definition of Jurisdictional Exception ... what you present doesnt have anything to do with JE.
I also suggest you read hypothetical conditions.

Additionally there are many many threads on this forum discussing the "5 acre" requirement of lenders. Suggest you be very careful.

I also suggest a call to the VA on this one. Seems like you are being led astray by someone, Im just not sure who it is.

 

[Michigan CG]

Apparently, the client told him to only appraise the subject dwelling as if it were on 5 acres.

.....................

 

[Don Clark]

Suggest that the appraiser you are working for consult the VA Manual. You can only provide assistance, not do the appraisal, That is under the heading of Appraiser responsibility and assistance with the report.

Also, under the heading of Special Property Problems it clearly states that ....."There is no specific limit on overall land or site size, or the inclusion of additional lots as long as the whole parcel is contigious and conveyed as a single entity".

 

[Don Clark]

My question regards Jurisdictional Exceptions, and when one is acceptable to use.

I am currently working on a V.A. appraisal ( I am not VA approved, it is the owner of the company that is and we are working on the assignment together).

The subject consists of two parcels, one with approx. 30 acres, the other with approx. 7 acres.

Although the appraisal would be difficult to perform using both parcels and all acreage (subject located in market area with more commonly 5 acre parcels), I believe it would be possible. The appraiser I am working with called and talked to the client, telling them the subject is sort of an odd-ball in market area. Apparently, the client told him to only appraise the subject dwelling as if it were on 5 acres.

When he explained this to me, I immediately thought...Ok, I will use a hypothetical condition...but he told me to use a Jursidictional Exception.

Can anyone give me any advice on this one? The appraiser I work with has many, many, many more years of experience, so If I disagree, I will need much proof and good explaination.

Thanks in advance!

Just for the record, in a VA Assignment the Department of Veterans Affairs is the client. Any VA approved lender is an intended user.

Looks like the blind may be leading the blind if your boss does not know that.

 

[Carnivore]

Also, under the heading of Special Property Problems it clearly states that ....."There is no specific limit on overall land or site size, or the inclusion of additional lots as long as the whole parcel is contigious and conveyed as a single entity".

Don,

I think you would agree that this is consistent with all AS-IS appraisals!

 

[The Warrior Monk]

When he explained this to me, I immediately thought...Ok, I will use a hypothetical condition...but he told me to use a Jursidictional Exception.

I would inquire as to what law, or other legal authority, makes such a requirement.

 

[PropertyEconomics]

Is there any wonder we are in the condition we are in as a profession?

 

[William K]

I would inquire as to what law, or other legal authority, makes such a requirement.

That was my exact thought, if you over look all the other questionable
comments ( only 5 acres with house?) , when did a lender get that legal authority ?:Eyecrazy:

 

[Lee Lansford]

My question regards Jurisdictional Exceptions, and when one is acceptable to use.

I am currently working on a V.A. appraisal ( I am not VA approved, it is the owner of the company that is and we are working on the assignment together).

The subject consists of two parcels, one with approx. 30 acres, the other with approx. 7 acres.

Although the appraisal would be difficult to perform using both parcels and all acreage (subject located in market area with more commonly 5 acre parcels), I believe it would be possible. The appraiser I am working with called and talked to the client, telling them the subject is sort of an odd-ball in market area. Apparently, the client told him to only appraise the subject dwelling as if it were on 5 acres.

When he explained this to me, I immediately thought...Ok, I will use a hypothetical condition...but he told me to use a Jursidictional Exception.

Can anyone give me any advice on this one? The appraiser I work with has many, many, many more years of experience, so If I disagree, I will need much proof and good explaination.

Thanks in advance!

Three things:

#1...The VA is your client. The VA provides the instructions on how to complete the appraisal. I seriously doubt that the VA will accept an appraisal with a HC (other than proposed construction).

#2...I assume that you are ASSISTING in the appraisal and that your Supervisor Appraiser ACTUALLY inspected the Subject and will be signing the appraisal as the APPRAISER.

#3..."Jursidictional Exception": NO...NO...NO.