MarkRichmond
Freshman Member
- Joined
- Jan 16, 2002
Hi,
I just sent in an appraisal on a house that is 95 years old. There were some big cracks in the plaster surrounding the chimney upstairs which I disclosed along with a picture of the affected area. It is my guess that the cracks were from water damage many years ago but I am not an expert so I just disclosed what I observed and refered them to the picture.
The loan officer calls me up and says that "we have a problem" She tells me that I should just put in the report that the cracks are cosmetic and that the cost to cure is under $500.
What would you say to this? What would you put in the report? I'll write how I handled it later.
P.S. For anyone who might be interested in seeing the picture email me and I will shoot you the picture.
Mark
I just sent in an appraisal on a house that is 95 years old. There were some big cracks in the plaster surrounding the chimney upstairs which I disclosed along with a picture of the affected area. It is my guess that the cracks were from water damage many years ago but I am not an expert so I just disclosed what I observed and refered them to the picture.
The loan officer calls me up and says that "we have a problem" She tells me that I should just put in the report that the cracks are cosmetic and that the cost to cure is under $500.
What would you say to this? What would you put in the report? I'll write how I handled it later.
P.S. For anyone who might be interested in seeing the picture email me and I will shoot you the picture.
Mark