Review --- Placement of Listings

[timd354]

Papa...

Bottom of page D-6 of the 4150.02..

"Only closed (settled) sales may be used as comparable sales 1, 2 or 3. If a sale is over six months is used, an explanation must be provided."

Is that what you are looking for??

Mark

No, that is not what Papa or I am looking for....the questions posed specifically asked someone to show where a Fannie guideline says such a thing......nice try though

 

[Papa Charlie]

Mark

That's just FHA.
No one has come up with anything Fannie Mae.

Phillip (Papa Charlie)

 

[timd354]

Mark

That's just FHA.
No one has come up with anything Fannie Mae.

Phillip (Papa Charlie)

That's beacuse there isn't anything in the Fannie Mae guidelines regarding the issue of the order that the comparable sales and/or listings should be placed in the SC grid, no matter how much some of these people think there should be.

 

[Mztk1]

Right, that is why you use the listings page.

Except, unlke the additional comparable page, the additional listing page is NOT a Fannie Mae form.

 

[Renee Healion]

Some appraisal software has an option to "move the best comp closest". (Wintotal does, so the rest must offer something similar.) I wonder if the appraiser used this option after loading the listings in the comps view and just left it in the order the software "selected".