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This is really a story of fraud. If that thing was 576 sq. feet at the time of funding that would've never passed guidelines nor would have it passed guidelines with that plywood on the side.
I'll be willing to bet lots of money this is an appraisal fraud issue. The appraiser added more footage to the residence to change the comps. he added bedrooms and simply mis-represented the footage the property on his floor plan skectches.
Industry standard (especially at Wells Fargo) is 750 Sq. feet.
Bank will never know the difference unless they get their own appraisal done.
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In the movies only bad guys sleep in king size beds.
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