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The Market Conditions Addendum (Form 1004MC) is designed to enhance the transparency of the market trends and conditions conclusions made by the appraiser. The Market Conditions Addendum will be required with all one- to four-unit property appraisals performed on or after April 1, 2009.
- Uniform Residential Appraisal Report File - Fannie Mae
This report form is designed to report an appraisal of a...
- Uniform Residential Appraisal Report File - Fannie Mae
This report form is designed to report an appraisal of a one-unit property or a one-unit property with an accessory unit; including a unit in a planned unit development (PUD), based on an interior and exterior inspection of the subject property.
7 Φεβ 2024 · Form. Purpose. Uniform Residential Appraisal Report (Form 1004) For traditional appraisals of one-unit properties and units in PUDs (including those that have an illegal second unit or accessory dwelling unit) based on an interior and exterior on-site physical inspection of the property by the appraiser.
In early 2022, Fannie Mae and Freddie Mac announced that certain purchase transactions will be eligible for delivery with appraisals reported on Form 1004 Desktop/70D.
Yes, the Market Conditions Addendum must be included with the appraisal report for all appraisals on one- to four-unit properties with an effective date on or after April 1, 2009. The addendum must be provided with Fannie Mae Forms 1004, 1004C, 2055, 1073, 1075, 2090, 2095, and 1025. 2.
Information about the 1004MC Spreadsheet. The Market Conditions Addendum (Form 1004MC) is designed to enhance the transparency of the market trends and conditions conclusions made by the appraiser. The Market Conditions Addendum is currently required with all one‐ to four‐unit property appraisals.
For lender-oriented appraisal work, the most common media used for appraisal reports are the Fannie Mae/Freddie Mac appraisal report forms, with form 1004 (the URAR) being the most common. Form 1004MC is used as an addendum to the 1004, providing support for the reported market conditions.
