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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Illegal Additions Posted by Swan on May 29, 2010 at 6:14 AM In Reply to: Illegal Additions posted by Diahanne on May 12, 2010 at 3:11 PM : As of May 10, 2010 I have known a few lenders who will NOT lend on a property once an illegal addition surfaces...Further, it is fraud to include "non permitted" square footage in an apprasial. The rules of the game have changed as far as lenders are concerned....My work load has increased because credit/mortgages/apprasials are being looked at harder these days. IF your buying one, beware...if you're selling one disclose, but if you can make it legal and get the square footage for the sale... do so. : Diahanne... : PS I've been making project legal since 2003- plans are always needed, and inspections and construction is needed 95% of the time required to bring the substandard property up to todays building codes. Thanks for the info./warning! Swan Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : As of May 10, 2010 I have known a few lenders who will NOT lend on a property once an illegal addition surfaces...Further, it is fraud to include "non permitted" square footage in an apprasial. The rules of the game have changed as far as lenders are concerned....My work load has increased because credit/mortgages/apprasials are being looked at harder these days. IF your buying one, beware...if you're selling one disclose, but if you can make it legal and get the square footage for the sale... do so. : : Diahanne... : : PS I've been making project legal since 2003- plans are always needed, and inspections and construction is needed 95% of the time required to bring the substandard property up to todays building codes. : Thanks for the info./warning! : Swan [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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