Request to Remove Addition from Appraisal

[airphoto]

Something else that no-one has yet considered, and imbedded in post #21 .. Unknown addition was, apparently, completed prior to most recent purchase transaction. Title company is now 'on the hook' to correct any problems, as is purchaser's attorney .. both of them for having verified appropriate clear/unencumbered title to the property....

 

[DMZwerg]

Which is why I posted the Law and http://appraisersforum.com/showpost.php?p=2119483&postcount=42 :icon_idea:

Actually, you posted part of a LAW in post 30 (which I quoted and linked to providing addition explanation and comment), in postcount 42 you posted links to USPAP, which is not the same thing (a Standard is not quite the same as a Law to the best of my knowledge in that the public is not universally held accountable to it, just certain licensed professionals, aka the Standard is part of Regulations not Law).

 

[Mike Kennedy]

Actually, you posted part of a LAW in post 30 (which I quoted and linked to providing addition explanation and comment), in postcount 42 you posted links to USPAP, which is not the same thing (a Standard is not quite the same as a Law to the best of my knowledge in that the public is not universally held accountable to it, just certain licensed professionals, aka the Standard is part of Regulations not Law).

Suggest you misread that post:

Kindly copy and paste the sentence - in this thread or others - where I referred to the USPAP as Law? :icon_idea:

If you re-read my post above ..........it clearly says......"exactly why I posted the Law........AND ...........(link to the USPAP)".

I have, in much older posts and threads, stated the USPAP is Law in states which adopted it into State Law (e.g. NY and others).

 

[DMZwerg]

Suggest you misread that post:

No more than you misread mine ... :laugh:

Caught the "and" as I was posting but figured since you misread what I stated (aka, a clarification of your post, namely what exact part of Dodd-Frank the UW was likely trying to apply and how it could be incorrect) then I might as well let my first impression stand. :new_all_coholic:

 

[Delta85]

In my market, you call, you get a message they are too busy to answer your call and to leave a voice mail,
and then they don't call you back.

Mine too. Some towns in CT. have Building departments with very limited hours and sometimes all you can do is leave a voicemail that may, or may not, be returned. Sometimes the return calls are days later or more well after the report has been concluded and submitted.

 

[Delta85]

Just an ancillary issue for those of you who are the permit police. Your biggest liability is going to occur when your inquiry to B&Z results in the homeowner getting a fine for an unpermitted addition.

The one time I ran into this with a rental property (SFR being used illegally as a duplex) I required the homeowner's written permission to call B&Z. They refused to give it me and the loan fell apart. That shows you how much the homeowners did not want me to contact B&Z. Imagine what would have happened if I did.

Remember GLB? I'd be very careful about disclosing private information to the 'authorities' without written permission.

What's illogical about this whole verification process is that there is no end to what you can verify- kind of like Lee said. How do we know that any of their improvements were done with the proper authorizations?

I'm not sure I agree with your post. We are required to do due diligence and that might include having conversations with town hall offices about your subject. It's not our fault if something was done illegally and we should not be subject to any kind of liability for doing the job the client asked us to do and that the borrower was a willing participant in.

 

[Mr Rex]

I think you might ask the client if you should use a dozer or a track hoe to remove the improvements, and of course include a quote or 3 from your local demo guy.:icon_idea:

 

[JCMIRANDA1712]

To verified permits with your local building department can create a liability issue. In my experience I advise the owner to provide me with copies of such. If not available, I would disclosed all my findings and let the lender decide...There is alot of other questions to be ask when it comes to additions...but at the end the additional structure is there and it can not be ignore.....