- Oct 23, 2006
- Professional Status
- Certified Residential Appraiser
Where do I find, in writing, what we are to consider to be above grade living area and below grade. Such as... bilevel homes where part of the lower level is a few feet below grade but is finished to the same quality as the rest of the house. Is this a fannie mae guideline? I've always been told not to count the lower area as living area ever since the first class I ever took but was never told where that point started and stopped.