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Types of Appraisals

Posted on: 23rd Oct, 2013 01:20 pm
Can you please tell me what the condensed version of the 1004 is?
Hi Guest!

Welcome to the forums!

I have never heard of condensed version of 1004. The form 1004 is also known as Uniform Residential Appraisal Report and Freddie Mac Form 70. Under this appraisal, it requires an interior and exterior inspection of the subject property.

Feel free to ask if you've further queries.

Sussane
Posted on: 23rd Oct, 2013 08:24 pm
Welcome Guest!

FNMA 1004/ FHLMC 70: 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.

You can get more info on:http://www.lendersallies.com/services.aspx
Posted on: 06th Nov, 2013 07:37 am
Thank you for the information, lendersallies! That was really helpful.
Posted on: 06th Nov, 2013 09:33 pm
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