- Jan 16, 2008
- Professional Status
- Certified Residential Appraiser
- New York
submitted an appraisal which a photo of the basement bathroom showed caulking around the perimeter floor and bathtub. no signs of water leakage or damage. caulking appeared typical. owner interview (wife) revealed no existing/old damage or water leakage. owner stated caulking was for waterproofing only. U/W sees photo and wants a reinspection and more detailed comment to ensure no cracks in foundation. Upon reinspection husband states the area was caulked because of a hair line crack in foundation wall which was repaired. clearly the wife bs me or was ignorant to the fact. how do i explain that in my post appraisal comment and do I now make the appraisal "subject to" inspection by engineer? should i make a comment that the u/w l/c decide any further action? am i liable for not knowing the caulking was concealing a small crack which was not observable at the time of inspection and not for typical waterproofing.