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Fannie Mae Selling Guide Announcement Sel-2016-09

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NJ Valuator

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Joined
Feb 23, 2003
Professional Status
Certified Residential Appraiser
State
New Jersey
As per Fannie Mae Selling Guide Announcement SEL-2016-09 dated December 6, 2016, "minor updates to the contract, such as changes to seller paid closing costs or changes to the contract price, do not require an updated appraisal".

Does not having to update price apply to FHA appraisals as well? I was told that it is only for conventional.
 
D

Deleted member 134708

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Practical purposes. Who cares. Business decision. You can say as of effective date this was factual. Or, can update as customer service.

Before and after this release.
 
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