2055 FHA Appraisal?

[jmedina]

Fellow appraisers:

Is there such a thing as a 2055 FHA appraisal???????

 

[Mr Rex]

See Mortgagee letter 2008-09:

What form must be used for the second appraisal? If the property is a one-unit detached house, the second appraisal may be an exterior-only appraisal using form Fannie Mae/Freddie Mac 2055; any repair requirements noted in the original interior-exterior appraisal report must be adhered to if the second appraisal is an exterior-only appraisal. Condominium units including detached site-condominiums; manufactured housing; and 2-4 unit properties are not eligible for exterior-only second appraisals and must be completed on the appropriate appraisal form.

 

[jmedina]

thx Mr Rex

 

[RSW]

That about sums that up!