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Click ‘Get Form’ to open the 1004mc addendum appraisal in the editor.
Begin by entering the property address, city, state, and ZIP code in the designated fields. This information is crucial for identifying the subject property.
Fill in the borrower’s name as required. Ensure that all details are accurate to maintain clarity in communication.
Analyze and input data regarding market trends over different time frames (Prior 7–12 Months, Prior 4–6 Months, Current – 3 Months) under sections like Overall Trend and Inventory Analysis. Use reliable sources for this data.
Complete the Median Sale & List Price section by providing median figures for comparable sales and listings. If only averages are available, clearly indicate this.
Address any anomalies or trends such as foreclosures or seller concessions in the provided explanation fields to support your conclusions.
Finally, review all entries for accuracy before saving or sharing your completed form using our platform's export features.

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Versions	Form popularity	Fillable & printable
2009	4.8 Satisfied (200 Votes)
2008	4.4 Satisfied (306 Votes)

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What is one main difference between a CMA and an appraisal?

Appraisal reports that communicate either complete or limited appraisals may be presented in three formats: self-contained reports, summary reports, and restricted reports.

What are the three types of appraisal reports?

Though there have always been exceptions, if a property was zoned single-family residential (SFR) and there was a single home on the site, youd use a 1004 form for bank appraisals. If a property was zoned multi-family and there were two to four units on the site, an appraiser would use the 1025 form.

What is 1004MC for appraisal?

The most significant of these revisions was the elimination of the requirement to include the 1004MC form as an attachment to the appraisal report.

Is 1004MC still required?

Fannie Mae No Longer Requires Form 1004MC This information should be summarized in the Neighborhood section of our appraisal forms.

form 1004mc appraisal report

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