Tom D
Elite Member
- Joined
- May 22, 2015
- Professional Status
- Certified Residential Appraiser
- State
- Pennsylvania
Most underwriters don't want to assume any responsibility for any appraisal concern. They want you to absolve them from future liability. Sorta like " hey, he said it was alright." The is an updated request, but you decide how much you like your client. It's just a continuation of your appraisal. i'll give you 3 choices:
1. you have the cert. If nothing else will be changed take the condition off the appraisal, do a new signature date. That's why that line is there. for all you objectioners, How many appraisals have you seen with the comment "dwelling had termites in the past "
2. do a signed addendum newly dated that the condition has been met, and put it at the end of the report with the cert.
3. do a 1004D saying condition has been cured, termite cert & repairs (if you asked for it.)
It's your client, you decide to charge or not charge.
1. you have the cert. If nothing else will be changed take the condition off the appraisal, do a new signature date. That's why that line is there. for all you objectioners, How many appraisals have you seen with the comment "dwelling had termites in the past "
2. do a signed addendum newly dated that the condition has been met, and put it at the end of the report with the cert.
3. do a 1004D saying condition has been cured, termite cert & repairs (if you asked for it.)
It's your client, you decide to charge or not charge.