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Form 2000 and the 3 Year Rule

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rtubbs

Junior Member
Joined
Jan 15, 2002
The revised Form 2000 has been issued by Fannie Mae (see Fannie Mae Announcement 02-13, dated December 17, 2002).

If the review appraiser provides a new opinion of value, he/she identifies 3 comparable sales (which may also be the sales used in the original appraisal) and...

"provides a sale/transfer history for a minimum of three years prior to the effective date of the original appraisal..."

What's with this if the original appraisal is required to provide a 3-year sales history for the subject only?

Anyone have any ideas?
 

Farm Gal

Elite Member
Joined
Jan 14, 2002
Professional Status
Licensed Appraiser
State
Nebraska
Supplimental standards can be whatever the client defines.

You knew the job was dangerous when you took it :!: :wink: :wink:

Charge accordingly :twisted:
 
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