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  #1  
Old 09-13-2009, 08:15 PM
lhilton lhilton is offline
 
Join Date: Feb 2008
Location: Shepherdstown, WV
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Default 1004MC & Freddie Mac foreclosures

My company is doing a lot of "asset management" appraisals for Freddie Mac. They are 99% preforclosures. The AMC has just told us that the 1004MC is not required on these jobs. Does that sound right to anyone ?
Just checking before I end up in trouble.
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Old 09-13-2009, 08:35 PM
VegasWayne's Avatar
VegasWayne VegasWayne is online now
 
Join Date: Nov 2007
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State: Nevada
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I would at least save the data needed to do a 1004MC at a later date if they change their mind. The 1004MC is not required for all appraisals, only fannie mae and freddie mac appraisals for lending purposes and for other clients that request them.
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