extreme unpermitted work…

[scaredyclassic]

we’re thinking about making an offer on a place that is actually about twice as big as its official square footage. It looks good, not crappy work, in fact from the putside, you ahve to look pretty carefully. I read prior posts on unnpermitted additions, but this one is just such an extreme example. Is it all going to be ok or might I have to demolish half the house…

[SD Realtor]

You 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.

[SD Realtor]

You 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.

[SD Realtor]

You 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.

[SD Realtor]

You 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.

[SD Realtor]

You 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.

[scaredyclassic]

could this work to our advantage in getting the price even lower than our lowballish offer?

[scaredyclassic]

could this work to our advantage in getting the price even lower than our lowballish offer?

[scaredyclassic]

could this work to our advantage in getting the price even lower than our lowballish offer?

[scaredyclassic]

could this work to our advantage in getting the price even lower than our lowballish offer?

[scaredyclassic]

could this work to our advantage in getting the price even lower than our lowballish offer?

[Hobie]

If you file an insurance claim ( example: house fire) and they determine it was related to non- permitted work– claim denied.

[Hobie]

If you file an insurance claim ( example: house fire) and they determine it was related to non- permitted work– claim denied.

[Hobie]

If you file an insurance claim ( example: house fire) and they determine it was related to non- permitted work– claim denied.

[Hobie]

If you file an insurance claim ( example: house fire) and they determine it was related to non- permitted work– claim denied.

[Author]

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