Appraisal Question!!! Need quick response PLEASE :-)
An appraisal was recently done on a townhome for which I am currently under contract. The Appraiser listed the townhome property type as a PUD (Planned Unit Development) and now I am curious to know where the Appraiser gets the property type from? Which document? Because I am having an issue with financing on this townhome if it is a condo however, the lender says if in fact the townhome is a PUD instead of a condo, they will be able to lend on the property. We will not know for sure if it is a PUD until titlework is done; which is taking forever also.
Anywho, just trying to find out if the Appraiser uses a legal document to get property type?! Which will assure me listing the townhome as a PUD is true and hopefully not an oversight.
Thanks for reading!