• Welcome to AppraisersForum.com, the premier online  community for the discussion of real estate appraisal. Register a free account to be able to post and unlock additional forums and features.

FNMA Guidelines Re Photos On 2-4 Family Assignments

Status
Not open for further replies.

mrfsra

Freshman Member
Joined
Jun 9, 2012
Professional Status
Certified Residential Appraiser
State
Kansas
FNMA servicing guide is not clear whether a full set of "required" photos are required for EACH unit or whether representative photos meet the requirments.
 

Digger88

Elite Member
Joined
May 11, 2010
Professional Status
Certified Residential Appraiser
State
Virginia
since you have to inspect them anyway just shoot the pics while you are there. pretty sure an uw is going to want to see all the units.
 

CANative

Elite Member
Joined
Jun 18, 2003
Professional Status
Retired Appraiser
State
California
https://www.fanniemae.com/content/guide/selling/b4/1.2/01.html

Since the "List of Appraisal Report Forms" includes the 1025 and the requirements below are for those appraisal report forms my guess would be that a complete set of interior photos is required for each unit.

At a minimum, the report must include photographs of the following:

  • the kitchen;

  • all bathrooms;

  • main living area;

  • examples of physical deterioration, if present; and

  • examples of recent updates, such as restoration, remodeling, and renovation, if present.


Note: Interior photographs on proposed or under construction properties may be taken by the appraiser at the time of the inspection for the Certification of Completion, and provided with the Form 1004D.
 
Status
Not open for further replies.
Find a Real Estate Appraiser - Enter Zip Code

Copyright © 2000-, AppraisersForum.com, All Rights Reserved
AppraisersForum.com is proudly hosted by the folks at
AppraiserSites.com
Top

AdBlock Detected

We get it, advertisements are annoying!

Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features of our website. For the best site experience please disable your AdBlocker.

I've Disabled AdBlock
No Thanks