What is 10o4 form?

What is 10o4 form?

Fannie Mae Form 1004 March 2005. The purpose of this summary appraisal report is to provide the lender/client with an accurate, and adequately supported, opinion of the market value of the subject property.

What is appraisal form 1004C?

Form 1004C is required for the appraisal of manufactured homes, any dwelling unit built on a permanent chassis and attached to permanent foundation.

What is Form 70 Freddie Mac appraisal?

Uniform Residential Appraisal Report Form 70 is designed to report the results of an appraisal of a 1-unit property, including a unit in a Planned Unit Development (PUD), a Detached Condominium Unit or a 1-unit property with an accessory unit. An interior and exterior inspection of the subject property is required.

What is a 1025 appraisal form used for?

This report form is designed to report an appraisal of a two- to four-unit property, including a two- to four-unit property in a planned unit development (PUD).

What is a 2055 appraisal?

Form 2055 is designed to report the results of an appraisal of a 1-unit property, including a unit in a Planned Unit Development (PUD), Detached Condominium Unit or a 1-unit property with an accessory unit. An exterior-only inspection of the subject property is required.

Is form 70 the same as 1004?

Today we are going to talk about the Uniform Residential Appraisal Report, which is also called Fannie Mae Form 1004 or Freddie Mac form 70. This report is used by the above mentioned governmental organizations only for residential mortgage lending.

What is form 216 on an appraisal?

The Operating Income Statement Report Form 216 is used on 1-4 income investment properties and 2-4 family owner-occupied properties.

When to use 1004d update appraisal or completion certification?

The appraiser would complete the second section (final inspection) indicating whether the improvements were completed in accordance with the requirements and conditions stated in the original report. If you need an Update certifying that the value has not declined, select 1004D Update Appraisal as the report type.

What do I need to know about the 1004 MC form?

1004 MC Forms Fannie Mae 1004MC/Freddie Mac 71: Market Conditions Addendum to the Appraisal Report The Form 1004MC is intended to provide the lender with a clear and accurate understanding of the market trends and conditions prevalent in the subject neighborhood.

Where does an Appraiser Report on a MC form?

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.

Which is the report type for 1004d final inspection?

If you need a Certification of Completion, select 1004D Final Inspection as the report type. If you need both sections of the form completed, select 1004D Update & Final Inspection as the report type.

What is 10o4 form? Fannie Mae Form 1004 March 2005. The purpose of this summary appraisal report is to provide the lender/client with an accurate, and adequately supported, opinion of the market value of the subject property. What is appraisal form 1004C? Form 1004C is required for the appraisal of manufactured homes, any dwelling unit…