WebThe appraisal came in at a C5 rating. My understanding is because of this rating, Quicken turned them down for the loan. Previously they had refinanced with a high interest loan which was a disaster, I think around 10% interest. Appraised value of the house was $210k, with $60k owed. Assessor: "Subject is given a C5 rating due to combination of ... WebAug 11, 2024 · Pressure on appraisal turn times are having a profound effect on the conflict of appraisal reports vs what the market believes the home is worth. ... a C5 rating can have a detrimental effect on ...
What Are Property Condition Rating Codes On …
WebCondition Ratings and Definitions ... C5 The improvements feature obvious deferred maintenance and are in need of some significant repairs. Some building components need repairs, rehabilitation, or updating. ... Uniform Appraisal Dataset Definitions UAD Version 9/2011 Produced using ACI software, 800.234.8727 www.aciweb.com 1004_05UAD … WebDec 13, 2024 · The quality rating doesn’t change over time. Quality is quality. In contrast, condition may erode over time if not maintained. When comparing these outdated laminate cabinets to a newly updated kitchen of big box average quality but trendier cabinets, it is difficult to isolate the quality component because the style can trip us up. ews-fli1 fusion type
Lender won’t finance home appraised at C5, 9 days away from ... - Reddit
WebMay 23, 2024 · It is important to note that loans secured by properties with C5 condition ratings are deliverable to Fannie Mae with “as-is” reports, provided the property meets the following C5 definition: “The improvements feature obvious deferred maintenance and are in need of some significant repairs. ... The performance appraisal ratings for most ... Web6 rows · Appraisal Condition Ratings C1 Condition Rating: New Construction C2 Condition Rating: No ... Web7 rows · Apr 5, 2024 · Property Condition Ratings. For appraisals required to be completed with the UAD, the appraiser must assign one of the following standardized condition ratings in the table below when identifying the condition of the improvements for the subject … ews-fli1 fish