1004d recertification of value

[2020]

I completed the original proposed appraisal 11 months ago for a proposed construction. Now the lender is ordering a 1004d recertification of value. Is there a certain time frame these can be completed after OA?

 

[J Grant]

I completed the original proposed appraisal 11 months ago for a proposed construction. Now the lender is ordering a 1004d recertification of value. Is there a certain time frame these can be completed after OA?

I have no idea, but that should be up to the lender.

FWIW the 1004 D is no longer called a recent of value. It is called an appraisal update and is considered a new assignment, although some lenders seem not to be aware of it. Make sure you disclose that you did a prior service on the subject property in the report. os are

 

[glenn walker]

12 month's in general with some exceptions. But read the Certification
and the form, as I recall it's printed 12 month's.

 

[Dublin ohio]

I completed the original proposed appraisal 11 months ago for a proposed construction. Now the lender is ordering a 1004d recertification of value. Is there a certain time frame these can be completed after OA?

Probably because construction is now complete and they want to make sure that value has not declined since the OA

 

[2020]

I completed the original proposed appraisal 11 months ago for a proposed construction. Now the lender is ordering a 1004d recertification of value. Is there a certain time frame these can be completed after OA?

What should be included with the update?

 

[glenn walker]

I personally take new photos of exterior completed, including the street. Attach to 1004 D.

 

[J Grant]

What should be included with the update?

I attach a short list of the sales I looked up to support checking the value did not decline ( if that is the case)

 

[Tom4value]

I completed the original proposed appraisal 11 months ago for a proposed construction. Now the lender is ordering a 1004d recertification of value. Is there a certain time frame these can be completed after OA?

You are going by your client’s parameters. Give the a recertification of value. Explain the research you did and give them an invoice.

 

[sputnam]

I completed the original proposed appraisal 11 months ago for a proposed construction. Now the lender is ordering a 1004d recertification of value. Is there a certain time frame these can be completed after OA?

It's up to the appraiser. You know how much the relevant market as changed. If you feel that a fresh start is needed... then, decline and tell them why you're declining. If you are okay with doing a "recert' but it's going to require finding and analyzing current comparable sales.... then, accept it and quote a fee that will compensate for the time you will need to spend on it.

 

[2020]

I completed the original proposed appraisal 11 months ago for a proposed construction. Now the lender is ordering a 1004d recertification of value. Is there a certain time frame these can be completed after OA?

Do I disclose prior services for a recertification?