Elementary school playgrounds are often the paramount location where children will grow and start learning social skills. Not only are social skills useful at a young age, their important and imperative nature grows as they learn to deal with other people.
Borrower owns 2 adjoining parcels, home sits on 1 parcel, the other parcel is raw land. I've got an appraiser telling me that FHA will not allow 2 parcels on the same loan unless the property is straddling the parcels (which it is not), but the appraiser won't provide me with the FHA Documentation stating this.'ve searched the Valuation Analysis for Home Mortgage Insurance and Valuation Analysis for 1 to 4 Unit Dwellings, but wasn't able to find anything that specifically dealt with multiple parcels on 1 loan. I've closed a couple of these via FHA recently and haven't run into any issues.
In the subjectâs lot, we can see the house and driveway clearly in the bottom of the picture-we can also see the huge chunk of extra land above it. If a property has excess land, a real estate appraiser is required to describe it in the appraisal, but not assess itâs value independent from the subject property.Ultimately, the only real difference is that excess land has the potential to be subdivided and sold, while surplus land does not.e real estate appraisers call this surplus land. âLand that is not currently needed to support the existing improvement but cannot be separated from the property and sold off. Surplus land does not have an independent highest and best use and may or may not contribute value to the improved parcel.â.