North, East, South and West BS stip

[OSU Beavers]

Changed it to "No schools are within half a mile of the subject, however bussing is provided". Also picked the names of the closest streets to the N,S,E&W even though City Limits is more accurate.

What about "The subject is in the middle of a food desert"?

 

[djd09]

USPAP does not require a defined 'north south east west' boundary...

 

[Elliott]

Defining neighborhoods by streets is probably the only defense against the GSE's campaign to label us as racists because their bias 'studies' are based on census tract and therefore flawed.

 

[OSU Beavers]

Defining neighborhoods by streets is probably the only defense against the GSE's campaign to label us as racists because their bias 'studies' are based on census tract and therefore flawed.

Great, I live in a town where the streets are all named after racists Presidents!

 

[sputnam]

USPAP does not require a defined 'north south east west' boundary...

No, USPAP doesn't require it.... but Fannie, Freddie, FHA and anyone else requiring UAD formatting do.

 

[Tom D]

Also picked the names of the closest streets to the N,S,E&W even though City Limits is more accurate.

are you assuming the reader of the report lives in that city and knows the boundries already, most maps don't show them. that's like only describing the lot, it's a rectangle. that is correct in a sense, but the appraisal is always asking for a more detailed explanation. hey, i don't make those rules. but you learn them eventually by love, or by a beating.

 

[ucbruin]

"Great, I live in a town where the streets are all named after racists Presidents!"

Wow blue OR has streets named after ORANGE JESUS already....

 

[djd09]

No, USPAP doesn't require it.... but Fannie, Freddie, FHA and anyone else requiring UAD formatting do.

maybe ansi could write a boundary standard...and the unethical stakeholders can incorporate it by reference...and you can buy the book and take the class...lap dog

 

[Larry Phillips]

I put in my report: Neighborhood boundary is the city limits of the City of XXXX (population 2000) to the North, East, South and West.

This stip come back:

The Neighborhood boundaries must include descriptive direction names such as North, East, South and West. Please update.

It is a one square mile town. Do they want me to spell out each side? There is not enough room for that on page 1 of the 1004.

Oh, and for my Neighborhood description:

Please remove phrase "walking distance" from appraisal report. This is not acceptable verbiage per FHLMC.

It seems reasonable to stipulate City Limits bound subject property on its north, east, south, and west sides.
Reasonable distance may convey the same meaning as walking distance.

 

[Terrel L. Shields]

'The subject is located 1/2 mile from...'.

I am waiting for a UW to demand that be put in metric... .8 kilometers

what a reasonable “driving distance”

I was trained by someone who was given to saying there was "ready access" to shopping, fire protection, police protection, and schools. That's even more subjective, isn't it? To me, it seems reasonable. Perhaps a more generic would be "within the neighborhood there are schools, fire stations, police patrols, and shopping", err, is that really better? I mean we are asked to describe the neighborhood and some things are not particularly amicable to quantification without verbosity.

What does the following really tell us? "The fire station is 0.3 miles west of the subject. Elementary education facilities are 0.7 miles east and higher education is 1.1 mile east of the subject. A University lies 5.6 miles to the south. There is a grocery store .3 miles south, post office is .9 miles away, gas can be purchased at a C store that is 0.2 miles away. There is an 8" water line in the subdivision and a 15" sewer line drains to a pumping station 1.0 miles to the east where it empties into a gravity system draining to the central sewage treatment plant 2 miles downhill...on and on ad nauseum. "