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Message
Permitting question- we may have unknowingly screwed up
Posted on 7/23/14 at 11:08 am
Posted on 7/23/14 at 11:08 am
So here's the deal- we are in EBR. Have a house we have lived in for several years. House has a screened porch in back. We decide to create a sunroom in the space. Hire a contractor and the work gets done.
We are now looking to refinance. The appraiser comes out and starts asking about the permits for the room. I honestly assumed they weren't needed because the screened porch already existed and the contractor never mentioned permits. Not even a wink-wink we can just do this without permits.
How screwed are we now? What is the process for a retroactive permit? How much is this going to cost me now?
Crap.
We are now looking to refinance. The appraiser comes out and starts asking about the permits for the room. I honestly assumed they weren't needed because the screened porch already existed and the contractor never mentioned permits. Not even a wink-wink we can just do this without permits.
How screwed are we now? What is the process for a retroactive permit? How much is this going to cost me now?
Crap.
3
Posted on 7/23/14 at 11:44 am to BR Tiger
Has your first child been born yet?
Posted on 7/23/14 at 2:18 pm to BR Tiger
Why would an appraiser care about the permit. Just appraise the damn property fairly. I'm sick of stories of appraisers thinking they are some kind of magical creature.
Posted on 7/25/14 at 8:03 am to BR Tiger
As far as living in the home, you aren't. The issue is you told him about the addition and you want him to consider it in the value. If he mentions it, FHA wants to know about it, because they do not want a new buyer having issues in the future. They just want them to pay the note, not repair the house. On a refi, not a huge deal unless you need it for value. However, your deal with this lender is pretty well shot unless he doesn't mention it. Some lenders may even check permits. It really depends on what company and type of loan you want.
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