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  1. 7 Φεβ 2024 · Appraisals reported on Form 1004 Hybrid must be completed in accordance with the UAD Specification. Manufactured Home Appraisal Report ( Form 1004C ) For traditional appraisals of one-unit manufactured homes (including manufactured homes in a PUD, condo, or co-op project, and MH Advantage properties) based on interior and exterior property ...

  2. 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.

  3. 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.

  4. This report form is not designed to report an appraisal of a manufactured home or a unit in a condominium or cooperative project. This appraisal report is subject to the following scope of work, intended use, intended user, definition of market value,

  5. The form provides the appraiser with a structured format to report the data and to more easily identify current market trends and conditions. The appraiser’s conclusions are to be reported in the “Neighborhood” section of the appraisal report.

  6. 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.

  7. This document provides guidance to Appraisers who are preparing residential appraisal reports utilizing the industry standard forms and to lenders who are submitting the Appraiser’s completed reports to FHA in the Mortgage Industry Standards Maintenance Organization

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