Fannie Mae requirements for Subject Condominium Photos

[Amy Perkins]

If you are taking subject front and rear photos of a condo that's in a 5 story building which contains 50 or more individual condos, I typically take a photo of the entire building for my subject front and rear shots. Has anyone ever had a situation where the lender wants you to identify in the photo the actual portion of the building where the subject condo is located?

I take a picture of the number on the door

 

[Carnivore]

I have had a little fun here. This reminds me of that TV Show "Ridiculousness"

I may try something with a Couple of AMC Condo Assignments. I think I will plant an idea into their Heads. The idea is contagious and it will be humorous to see how fast it spreads.

 

[Carnivore]

On a Serious Note Here are the Actual Requirements. I would Add Apply Rule #1 Common Sense

"Clear, descriptive photographs showing the front, back, and a street scene of the subject property and the front of each comparable. The subject and all comparables must be appropriately identified. Acceptable photographs include original images from photographs or electronic images, copies of photographs from a multiple listing service, or copies from the appraiser’s files.

Photographs of comparable rentals utilized in the Small Income Residential Appraisal Report (Form 1025) are not required."

B4-1.2-01, Appraisal Report Forms and Exhibits (02/07/2024)

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