comments
452) Additional Information
02/14/09
Dear H2,
I have started to get underwriter conditions like the following: "The comps grids must specifically state that the sales were Arms or Non-Arms Length Transactions; simple being listed on MLS is insufficient." They are referring to my response of MLS and the MLS # as part of my disclosure of Data and Verification Source(s). Where is the proper place to disclose whether the transaction is Arms Length or not?
Dan Daubenspeck ddaubenspeck@d2appraisals.com
Dear Dan,
There is no rule as to where this information should go. Additional information such as this can go on any of the comments lines where there is space or in the addenda of the report.
H2
I have started to get underwriter conditions like the following: "The comps grids must specifically state that the sales were Arms or Non-Arms Length Transactions; simple being listed on MLS is insufficient." They are referring to my response of MLS and the MLS # as part of my disclosure of Data and Verification Source(s). Where is the proper place to disclose whether the transaction is Arms Length or not?
Dan Daubenspeck ddaubenspeck@d2appraisals.com
Dear Dan,
There is no rule as to where this information should go. Additional information such as this can go on any of the comments lines where there is space or in the addenda of the report.
H2
394) Comments Lines
08/25/08
Dear H2,
All 3 comps are the same exact design as the subject except that the basement of the subject has a crawl space in one area due to an addition, about 10'x 14'. In the comp grid it asks if the basement is full or partial. In this case, the subject gets labeled as having a partial basement, even though the subject basement is the same size as the comp basements. This is confusing. What do you suggest I do?
Larry Fenimore Larfeni@hotmail.com
Dear Larry,
The comment lines on the form are provided for precisely this purpose: to give you space to explain anomalies and special conditions. The wording of your explanation in your question would suffice.
H2
All 3 comps are the same exact design as the subject except that the basement of the subject has a crawl space in one area due to an addition, about 10'x 14'. In the comp grid it asks if the basement is full or partial. In this case, the subject gets labeled as having a partial basement, even though the subject basement is the same size as the comp basements. This is confusing. What do you suggest I do?
Larry Fenimore Larfeni@hotmail.com
Dear Larry,
The comment lines on the form are provided for precisely this purpose: to give you space to explain anomalies and special conditions. The wording of your explanation in your question would suffice.
H2
138) Additional Comments
10/28/07
Dear Henry:
What type of information typically goes on page 3 of the URAR, the vast section above the cost approach?
patrick mc atee mcatee@mtco.com
Dear Patrick,
This section of the URAR is called "Additional Comments" and is intended to be used for any additional comments about the appraisal or the property you are appraising that you think would be helpful to someone reading the appraisal. There is nothing that requires you to use the space.
H2
What type of information typically goes on page 3 of the URAR, the vast section above the cost approach?
patrick mc atee mcatee@mtco.com
Dear Patrick,
This section of the URAR is called "Additional Comments" and is intended to be used for any additional comments about the appraisal or the property you are appraising that you think would be helpful to someone reading the appraisal. There is nothing that requires you to use the space.
H2