tbee407
Freshman Member
- Joined
- Feb 14, 2012
- Professional Status
- Banking/Mortgage Industry
- State
- West Virginia
My work often takes me to neighborhoods with limited listing activity. There have been occasions where the 1004MC report had a lot of zeroes in the boxes. I have seen other appraisers prepare an addendum that includes adjoining neighborhoods that they consider competitive. My question is....
Do you prepare the 1004MC and if is has limited to no information so be it and you state that that there is insufficient information from which to draw conclusions?
Or,
Do you prepare an additional 1004MC Addendum that includes listings from competitive areas and include it in your report?
Thanks!
Do you prepare the 1004MC and if is has limited to no information so be it and you state that that there is insufficient information from which to draw conclusions?
Or,
Do you prepare an additional 1004MC Addendum that includes listings from competitive areas and include it in your report?
Thanks!