Roof And Deferred Mainenance In Appraisal Report

One of the most common deferred maintenance items is roof repairs.

Roof and deferred mainenance in appraisal report.

If there is evidence of major deferred maintenance on the property the mortgage will likely be declined. Now neglecting the condition of permanent home features is considered deferred maintenance. Appraisal report form 1025 and the individual cooperative interest appraisal report form 2090 are non uad forms fannie mae does require that they be submitted to ucdp prior to loan delivery. Deferred maintenance deferred maintenance consists of repair items on the house that should be fixed immediately but have not yet been repaired it is usually smaller type items like a broken window peeling paint hanging gutters etc.

Because these items would require costly maintenance in the near future the appraiser would lower the appraisal value of your home accordingly. It does not consist of larger items such as the roof heating and cooling system or anything to do with the structure of the home. While such conditions generally do not rise to the level of a required repair they must be reported. These forms currently are not offered in desktop underwriter du as fieldwork options.