Meaning of S-Det/End Unit on 1004?

[Chris FIsher]

I am working on an Attached End Unit Townhome on the 1004 form. The propery is attached on the garage side. Under the General Description section I checked Att. for Type. The lender is now questioning if S-Det/End unit should be checked. What does the S-Det/End Unit field mean?

 

[Chris Colston]

I edited you title so the thread did not get automatically moved to the A La Mode section of the forum.

Now as to your question, if the townhouse is an end unit I would check that box. The box means Semi-detached or end unit. I guess in somebody's mind at Fannie Mae, they thought that description would mean something to a reader of the report. In some markets end units get more value than inside units. If the unit is only attached on one side that is considered semi-attached or as the form reads, Semi-Detached.

 

[James Micozzi]

Semi-attached and semi detached are the same thing. A townhouse that has garage attached to one side and attached to a building on the side opposite the garage is semi-detached with an attached garage. If the garage is attached in between two buildings, it depends if your subject building attached to another building opposite the garage. How about a pic? that would definitely help.

 

[Mike Garrett RAA]

End unit is self explainatory, semi-detached means only one side is attached where-as a middle unit would be attached on both sides?

Just did a townhouse in a complex where end units had an $8,000 lot premium. People are paying it.

 

[Bill Baughn]

I always loved that term "semi-detached". Give me a break. Either it IS attached or it ISN"T. To say it is semi-detached or semi-attached is extremely misleading if you ask me. I always thought the purpose of our report is not to be misleading and here you have the powers to be leading the way...


Bill Baughn

 

[Brian Weaver]

I'm with Bill. When Fannie came to Chicago to pitch the new forms we couldn't get them to understand that semi-attached/semi-detached was the same as the glass half empty/half full.

In a "This Is Spinal Tap" moment, their argument sounded like..."but it goes to eleven."

We gave up and decided to move on to other issues.

 

[Renee Healion]

It's the old partly sunny, partly cloudy conundrum.

 

[Otis Key]

I always loved that term "semi-detached". Give me a break. Either it IS attached or it ISN"T. To say it is semi-detached or semi-attached is extremely misleading if you ask me. I always thought the purpose of our report is not to be misleading and here you have the powers to be leading the way...


Bill Baughn

Semi-pregnant? Almost-pregnant? Semi-built? Little-bit pregnant?

Good grief. It's either detached free standing or it's attached!:glare:

 

[Thomas L Williams]

Two choices

It is either attached or detached. As far as I'm concerned there is no third "box" to check. I almost always adjust between end units and interior units, as the end units have fewer common walls (noise), and usually more windows, which provide more light, and provide cross-ventilation when the windows are open.

 

[Rich Heyn]

The terms are synonymous. In most parts of the country the preferred term is "end-unit." In some places (NE, I'm told) "semi-detached" is used. Local custom.