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Financing in 36567 : Real Estate Advice

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Activity 1
Tue Jul 7, 2009
Fred Griffin answered:
The Appraisal is an Estimate of Property Value done for the Bank or Lender.


Most appraisals today are governed by the new Home Valuation Code of Conduct

http://www.freddiemac.com/singlefamily/hvcc_faq.html


The most common Residential Appraisal Form is Fannie Mae Form 1004 / Freddie Mac Form 70

https://www.efanniemae.com/sf/formsdocs/forms/pdf/sellingtrans/1004.pdf


The Appraisal may now require the Market Conditions Addendum to the Appraisal Report

https://www.efanniemae.com/sf/formsdocs/forms/pdf/sellingtrans/1004mc.pdf


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Best wishes to you,
Fred
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