answersLogoWhite

0


Best Answer

Fannie Sellling Guide

B4-1.2-06, Appraisal Forms and Report Exhibits (09/27/2011)

The following table lists Fannie Mae's appraisal forms (see Single-Family Forms for a complete list):

Form Purpose

Uniform Residential Appraisal Report (Form 1004) For appraisals of one-unit properties and units in PUDs (including those that have an illegal second unit or accessory apartment) based on interior and exterior property inspections. Form 1004 also may be used for two-unit properties, if each of the units is occupied by one of the co-borrowers as his or her principal residence or if the value of the legal second unit is relatively insignificant in relation to the total value of the property (as might be the case for a basement unit or a unit over a garage). In addition, appraisals for units in condo projects that consist solely of detached dwellings may be documented on Form 1004, if the appraiser includes an adequate description of the project and information about the homeowners' association fees and the quality of the project maintenance. Appraisals reported on Form 1004 must be completed in accordance with the UAD Specification .

User Avatar

Wiki User

10y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What appraisal form should a detached condominium be on?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is plural of condominium?

The plural form for the noun condominium is condominiums.


What should be write in space of weakness and strength in a appraisal form?

You may be asked to give your strengths and weaknesses on an evaluation or appraisal form. This gives an idea how you see your job performance.


What is the plural of condo?

Condo is the shortened form of condominium. It is the shortest form.


What is a condominium housing?

Condominium is a form of real estate ownership; house is a word used to describe a structure.


What is a condominium-house?

Condominium is a form of real estate ownership; house is a word used to describe a structure.


Characteristics of an ideal performance appraisal form?

This form should include elements such as: + Performance results + Career development + Employee ideals...


Is a condominium considered commercial real estate?

Condominium is a form of real estate ownership, and may be commercial or residential.


Questions on performance appraisal based on the performance appraisal form of neepco shillong?

how to provide performance appraisal and what things are based it


Appraisal form answer?

Quantity of Work


What is the difference between sanitorium and condominium?

A sanitorium (or sanitarium) is a medical facility for long-term illness. A condominium is a form of real estate ownership.


What two adjectives can be form out of the word detached?

hated; dead


How appraisees should answer performance appraisal?

The best way to reply to an employee appraisal form is to note where improvements have been made in the past year. Addressing where one can make improvements during the next year is also a valuable reply.