Appendix D: Valuation Protocol states -
"The physical condition of existing building improvements is examined at the time of the appraisal to determine whether repairs, alterations or inspections are necessary - essential to eliminate conditions threatening the continued physical security of the property.
Required repairs will be limited to necessary requirement to:
1 protect the health and safety of the occupants (Safety)
2 protect the security of the property (Security)
3 correct physical deficiences or conditions affecting structural integrity (Soundness)
A property with defective conditions is unacceptable until the defects or conditions have been remedied and the probability of further damage eliminated. Defective conditions include:
1 defective construction
2 other readily observable conditions that impair the safety, sanitation or structural soundness of the dwelling."
Mold is a potential health hazard. It can reoccur and spread if not removed completely and the cause of the mold is not corrected to prevent reoccurance. The appraiser would also be required to report evidence of dampness in the garage -
Appendix D -
"Evidence of Dampness - 1) Examine for dampness or readily observable evidence of water damage. Signs of past water damage may include efflorescence, mold, mildew or stains on walls or mechanical equiptment."