Gold Supporting Member
- Feb 21, 2004
- Professional Status
- Certified Residential Appraiser
Fannie won't "buy" a mortgage on a property where the HBU is not as-improved. The 1004 format assumes market value. Check no and carry on with teardown comps and you are addressing something other than MV. If you report on that form with teardown comps, say, then what do you do about the preprinted definition, which is MV?.