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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.
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). This report form is not designed to report an appraisal of a
Uniform Instruments are the Fannie Mae/Freddie Mac and Freddie Mac Notes, Riders, and Security Instruments (Deeds of Trust and Mortgages) used when originating Single-Family residential mortgage loans.
market conditions on Fannie Mae Form 1004MC/Freddie Mac Form 71. This temporary partial waiver is effective for the 12-month period between April 26, 2021, and April 26, 2022. Quick Links • Waivers: https://www.hud.gov/program_offices/administration/hudclips/waivers/ • Online or PDF versions of Handbook 4000.1:
Fannie Mae recognizes the Uniform Standards of Professional Appraisal Practice as the minimum appraisal standards for the appraisal industry, and also establishes separate appraisal requirements to supplement the Uniform Standards. This document provides guidelines for using the newly introduced Market Conditions Addendum to the Appraisal ...
