New: The new Fannie Mae Form 1004 MC (Market Conditions Addendum) will be required as of April 1, 2009. The purpose, per Fannie, is to: "enhance the transparency of the market trends and conditions conclusions made by the appraiser."
In other words, they want the appraiser to actually have some statistical evidence to back up their conclusions.
Hot: Barnes Family Appraisal is already incorporating Comprehensive Market Statistics into every report. We use statistical data along with graphs to detail the specific market of each property.
Not: Yet another Fannie Mae form in all its flawed glory to fill out...
Read more from Fannie:
https://www.efanniemae.com/sf/guides/ssg/annltrs/pdf/2008/0830.pdf
https://www.efanniemae.com/sf/formsdocs/forms/pdf/sellingtrans/appraisalfaqs.pdf
Barnes Family Appraisal1231 McClaren Drive, Carmichael, CA 95608Office (916) 972-1523 Cell (916) 716-8634 Fax (916) 972-1523
Barnes Family Appraisal
1231 McClaren Drive, Carmichael, CA 95608
Office (916) 972-1523 Cell (916) 716-8634 Fax (916) 972-1523
EmilieBarnes@barnesfamilyappraisal.com
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