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Updated about 9 years ago on . Most recent reply

User Stats

172
Posts
66
Votes
Gloria Mirza
  • Real Estate Agent
  • San Jose, CA
66
Votes |
172
Posts

apraisal on boarded up house

Gloria Mirza
  • Real Estate Agent
  • San Jose, CA
Posted

I am trying to purchase a house using a conventional loan.  The city boarded up the house because there were squatters in it and it is classified as "uninhabitable" because it hasn't had utilities for a number of months.  The seller is working on getting the house classified as habitable again so that I can buy it, but I don't think they will remove the boards from the windows and doors and frankly I would prefer they leave it to help deter squatters.  My question is, if the uninhabitable classification is removed but the boards still are up, will I be able to get a conventional loan on it provided everything else is ok or will the appraiser block the purchase solely based on the house being boarded up?

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