1007: Rental Photos / Rental Pictures

[CJ1234]

Are rental photos required? The form itself does not state anything, FNMA selling guide does not have any direction.

 

[glenn walker]

It depends on lender most do - I do use MLS photos on some of my 1007 and have never had any kick back.

 

[CANative]

From the 2019 Selling Guide

 

[CANative]

Sometimes, when it is convenient (conforming neighborhoods) I'll drive the rental comps and take the photos. Other times, when the rentals are spread out all over the place I don't drive the rental comps and use MLS or other image sources.

 

[DTB]

Several hundred completed, not one photo or request for a photo.

 

[CANative]

Several hundred completed, not one photo or request for a photo.

I get them from time to time. Usually when I don't include a photo. lol

 

[glenn walker]

Sometimes, when it is convenient (conforming neighborhoods) I'll drive the rental comps and take the photos. Other times, when the rentals are spread out all over the place I don't drive the rental comps and use MLS or other image sources.

Agree with "CAN " also "DBT"

 

[Carnivore]

just add photos from now on...its not that hard and it saves more time actually when you think about how much time it takes to respond to their nonsense

 

[CJ1234]

From the 2019 Selling Guide

Which is why it is so frustrating...I sent this very thing, and the lender is saying "this is not a 1025". To which I replied the 1007 form has no requirement for photos, the compatible 1025 literally says "no," the engagement letter made no requirement, but this directive doesn't explicitly say "1007"

*I understand at this point it is a customer service issue, but the scope of work change, after effective date and submission is really bothering me today.

 

[CANative]

You don't need to change the ED if they just want you to add photos. Use Google Earth or MLS photos. There is no inspection requirement.