- This topic has 30 replies, 5 voices, and was last updated 14 years, 6 months ago by
CarlsbadMtnBiker.
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August 1, 2010 at 1:11 PM #17783August 1, 2010 at 1:20 PM #585102
SD Realtor
ParticipantYou may have challenges financing it. If the appraiser finds a difference between the tax roll and stated square footage he may want to see permits. If there are no permits then it will depend on the loan. Certain conditions to guidelines, for instance FHA and even FNMA for conventional loans demand work be permitted for the additional square footage to be included in the appraised value. Some in house loans do not require it though. To be safe talk to your mortgage broker and let him know the situation with the square footage. It may be an issue when you go to resell as well. I am not saying don’t get the place, just be aware.
August 1, 2010 at 1:20 PM #586139SD Realtor
ParticipantYou may have challenges financing it. If the appraiser finds a difference between the tax roll and stated square footage he may want to see permits. If there are no permits then it will depend on the loan. Certain conditions to guidelines, for instance FHA and even FNMA for conventional loans demand work be permitted for the additional square footage to be included in the appraised value. Some in house loans do not require it though. To be safe talk to your mortgage broker and let him know the situation with the square footage. It may be an issue when you go to resell as well. I am not saying don’t get the place, just be aware.
August 1, 2010 at 1:20 PM #585194SD Realtor
ParticipantYou may have challenges financing it. If the appraiser finds a difference between the tax roll and stated square footage he may want to see permits. If there are no permits then it will depend on the loan. Certain conditions to guidelines, for instance FHA and even FNMA for conventional loans demand work be permitted for the additional square footage to be included in the appraised value. Some in house loans do not require it though. To be safe talk to your mortgage broker and let him know the situation with the square footage. It may be an issue when you go to resell as well. I am not saying don’t get the place, just be aware.
August 1, 2010 at 1:20 PM #585836SD Realtor
ParticipantYou may have challenges financing it. If the appraiser finds a difference between the tax roll and stated square footage he may want to see permits. If there are no permits then it will depend on the loan. Certain conditions to guidelines, for instance FHA and even FNMA for conventional loans demand work be permitted for the additional square footage to be included in the appraised value. Some in house loans do not require it though. To be safe talk to your mortgage broker and let him know the situation with the square footage. It may be an issue when you go to resell as well. I am not saying don’t get the place, just be aware.
August 1, 2010 at 1:20 PM #585729SD Realtor
ParticipantYou may have challenges financing it. If the appraiser finds a difference between the tax roll and stated square footage he may want to see permits. If there are no permits then it will depend on the loan. Certain conditions to guidelines, for instance FHA and even FNMA for conventional loans demand work be permitted for the additional square footage to be included in the appraised value. Some in house loans do not require it though. To be safe talk to your mortgage broker and let him know the situation with the square footage. It may be an issue when you go to resell as well. I am not saying don’t get the place, just be aware.
August 1, 2010 at 3:28 PM #585132scaredyclassic
Participantcould this work to our advantage in getting the price even lower than our lowballish offer?
August 1, 2010 at 3:28 PM #586169scaredyclassic
Participantcould this work to our advantage in getting the price even lower than our lowballish offer?
August 1, 2010 at 3:28 PM #585225scaredyclassic
Participantcould this work to our advantage in getting the price even lower than our lowballish offer?
August 1, 2010 at 3:28 PM #585866scaredyclassic
Participantcould this work to our advantage in getting the price even lower than our lowballish offer?
August 1, 2010 at 3:28 PM #585759scaredyclassic
Participantcould this work to our advantage in getting the price even lower than our lowballish offer?
August 1, 2010 at 5:11 PM #585794Hobie
ParticipantIf you file an insurance claim ( example: house fire) and they determine it was related to non- permitted work– claim denied.
August 1, 2010 at 5:11 PM #586204Hobie
ParticipantIf you file an insurance claim ( example: house fire) and they determine it was related to non- permitted work– claim denied.
August 1, 2010 at 5:11 PM #585901Hobie
ParticipantIf you file an insurance claim ( example: house fire) and they determine it was related to non- permitted work– claim denied.
August 1, 2010 at 5:11 PM #585260Hobie
ParticipantIf you file an insurance claim ( example: house fire) and they determine it was related to non- permitted work– claim denied.
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