- Sep 23, 2004
- Professional Status
- Certified Residential Appraiser
Has anybody ever had to reclose a loan because you failed to indicate that they needed the PUD Rider? Typically the title company will catch that and the person that you are calling the reviewer is probably just a processor passing along what you should have caught. There is additional documentation that is required by all the GSE's for properties that are located in areas with HOA's. Yours is not to reason why. Areas with more stringent restrictions enforced by HOA's demonstrate enhanced marketability in normally functioning real estate markets, when that ceases to be the case then they are disbanded. I don't believe you can adequately defend your statement that those "don't affect value" in front of any type of professional conduct committee.There's no common elements. I don't remember what I wrote about the HOA. Maybe it's an annual newsletter or maybe it once was to enforce illegal racial discrimination.
It's a small fee that it's almost irrelevent in which the market doesn't care. Again, it's a PUD.