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Welcome back okay today we're going to be speaking about something that comes up quite often especially if we're in rural areas in San Diego County such as Borneo Springs Mall El Cajon lakeside places like that we're talking about private road meet int agreements so if you ever have a VA loan and the appraiser marks private Road on their while the underwriter should pretty much automatically be requesting a property of the private road maintenance agreement saying that the people who live on that Street are basically responsible for taking care the road because the county does not, so PA is the only loan program that does require that and in many cases a lot of rural properties do not have a private road maintenance agreement recorded so what happens if that comes up and granted I should say that I'm not speaking about the private road inside the condo complex a nice lake or something like that those are Dave basically covered by the HOA all you need to do is get a copy of the CCR's that will clear that condition what I'm speaking about is a true private maybe even dirt road that does not have a private road main stream it is quiet no there are many of them the reason why they're or my name because Maiden's roads are very old and the houses are typically older and they kind of came around before the law was even put in place or the VA put that guideline in that what that was required but let's say you're in the middle of a transaction the underwriter is going to condition for a private road make its agreement or a copy of it, and you check with title and turns out there isn't one what can you do how do you get past it well simple it's actually very possible to get a waiver for the private road maintenance agreement pretty simple all you have to do is get a letter from the veteran that states that why they want the private road maintenance agreement requirement to be basically removed or get a waiver you get a copy of the plat map and get a copy of the appraisal those three things we can email those into the VA your contact over at VA and typically two three days you're able to get that cleared, so problem solved so don't be alarmed if you ever have a transaction happening and is an underwriter requesting a private Romanians' agreement you find out that isn't one recorded no problem you can get a waiver it's not that hard if you have any questions just give me a call I'll help you with it if you have any questions in the meantime just call the number on the screen that finishes this week's installment and I look forward to speaking with you soon talk to you soon have a good one
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