KeyWhiz
Member
- Joined
- Dec 9, 2007
- Professional Status
- Certified Residential Appraiser
- State
- Nevada
Always something new in this line of work, eh?
Recently completed an FHA appraisal where I noted a power line crossing over a detached garage to reach the home and made the report "subject to" rerouting the power line. I received a revision request asking this:
Revision request from Lender:
**urgent We have spoken to power company and city. There are a few cables that run directly over the garage and one of them IS the power line.
Few things:
1) This is super common for the area so no variance will be issued and probably why the first appraiser didnt mention it.
2) The garage was built after the power lines were installed
3) City will not reroute the power line around the garage
4) Can we ask the appraiser to remove the garage from the value calculation?
My first instinct is to reply with:
1) don't care how common it is and the first appraiser is an idiot for not mentioning it and can probably expect a deficiency notice from HUD sometime in the future.
2) also don't care. I'm here to appraise the property TODAY. Not before the garage was built.
3) not my problem
4) huh?
My guess is removing the garage from the appraisal doesn't change FHA's concern for safety and soundness regarding the power line. But I've never had such a request before. IS this a valid way to address the problem?
Recently completed an FHA appraisal where I noted a power line crossing over a detached garage to reach the home and made the report "subject to" rerouting the power line. I received a revision request asking this:
Revision request from Lender:
**urgent We have spoken to power company and city. There are a few cables that run directly over the garage and one of them IS the power line.
Few things:
1) This is super common for the area so no variance will be issued and probably why the first appraiser didnt mention it.
2) The garage was built after the power lines were installed
3) City will not reroute the power line around the garage
4) Can we ask the appraiser to remove the garage from the value calculation?
My first instinct is to reply with:
1) don't care how common it is and the first appraiser is an idiot for not mentioning it and can probably expect a deficiency notice from HUD sometime in the future.
2) also don't care. I'm here to appraise the property TODAY. Not before the garage was built.
3) not my problem
4) huh?
My guess is removing the garage from the appraisal doesn't change FHA's concern for safety and soundness regarding the power line. But I've never had such a request before. IS this a valid way to address the problem?
Last edited: