Updated over 10 years ago on . Most recent reply
apraisal on boarded up house
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?