I am not doing the 3.6 FORM deal

[Fernando]

Offer date is not same as contract date. Contract date is date all parties came to agreement & signed the offer, which could have been written last year in fact. Referencing the offer date is may be a way to keep track of when somebody initiated the action toward something. The contract date is the date the entity on the other end of the agreement actually AGREED. Sometimes its the same date if everybody is in close proximity, or working online, but offer and contract mean 2 different things. Each action has its own date.

Not all contract dates have offer dates. Leases are also contract. Contract date is a generic term for all contracts to be use.
Fannie needs to be clear with its terminology and intention.
Same as personal property. In appliances, is a stove and refrigerator considered personal property.
These are minor issues but Fannie should have clarification if starting over with a new form.

 

[Fernando]

No appraisal software has been "approved" by Fannie.
Fannie made it too general for software companies to make their own forms.
Will some shorten it to several pages with smaller fonts?

 

[Fernando]

While loading my backup appraisal files to my new computer, I didn't realized that when I was young 20 years ago, I was so proficient in doing at least 1 appraisal a day. Was I a skippy?
Anyway with the new form I can't imagine doing 1 appraisal a day.
Currently, I clone the reports and have all the boilerplates and neighborhood comments, etc. It saved me so much time.
I don't know if my old reports can be cloned into the new form. Ugh.

 

[TerryRohrer]

Was I a skippy?

A prime example of a rhetorical question for those who wondered its true meaning.

 

[Fernando]

A prime example of a rhetorical question for those who wondered its true meaning.

I always wondered what is a skippy. Is the definition that they do exorbitant number of appraisals?

 

[BRCJR]

Not all contract dates have offer dates. Leases are also contract. Contract date is a generic term for all contracts to be use.
Fannie needs to be clear with its terminology and intention.
Same as personal property. In appliances, is a stove and refrigerator considered personal property.
These are minor issues but Fannie should have clarification if starting over with a new form.

So, you don't know when a stove or refrig is PP or when it may become real property.

 

[Fernando]

So, you don't know when a stove or refrig is PP or when it may become real property.

Most stove and refrigerators are personal properties. Why does the form ask?
It's not needed in the form in regard to PP or fixture to do an appraisal. Just another distraction while doing the appraisal.

 

[BRCJR]

Most stove and refrigerators are personal properties. Why does the form ask?
It's not needed in the form in regard to PP or fixture to do an appraisal. Just another distraction while doing the appraisal.

You do understand "built-in" and/or attached, don't you?

 

[alebrewer]

Its not so much the 3.6, its the implementation of it. Clunky, slow and illogical, oh and boring too!

Yep - this rollout (if you want to call it that) has been nothing short of a disaster. Was chatting w/the guy who built the Freedom Appraisal tool and he said the biggest headache with releasing a viable product is that F/F keep changing the requirements on them - still...

 

[Sandra Koutsopoulos]

Since FHA requires a stove, that's likely one reason the form asks about appliances.