Lender and AMC claim residential appraiser can do this appraisal-opinions

[jay trotta]

This is the kind of assignment you take on as a service to the client, hopefully in furtherance of a functional relationship. Not for the money. Regardless of what fee, you're still going to take a beating.

Perhaps You would enjoy doing that, I on the other hand, because there is no more Loyalty in this Industry, would avoid it for the simple reason of; Time is Money, No ticky, No washy.........an old Jack Nicholson proverb.

 

[Dublin ohio]

If it can't be legally occupied as other than an SFR then that's part of the HBU analysis.

Just because it won't fit a GSE program doesn't mean it can't be appraised to its HBU/As Improved condition.

Of course it can be appraised. That is a given but the lender wants the appraiser to put that square peg in a round hole. Which is why they have put it out for bid three times and no takers

This is the kind of assignment you take on as a service to the client, hopefully in furtherance of a functional relationship. Not for the money. Regardless of what fee, you're still going to take a beating.

Agree with the above 100%. But this is a random AMC that uses Mercury and it is only the second time I can remember them offering work in my market. So no reason to hope for a "functional" relationship