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How long is an appraisal good for Freddie Mac?

When the appraisal report has become greater than 120 days old, the Servicer must have the appraiser redocHub the appraisal report. The Servicer must not order a new appraisal report.

What is Form 70 Freddie Mac?

Form 70 is designed to report the results of an appraisal of a 1-unit property, including a unit in a Planned Unit Development (PUD), a Detached Condominium Unit or a 1-unit property with an accessory unit. An interior and exterior inspection of the subject property is required.

What is a 1004 70H hybrid appraisal?

Fannie Mae 1004 Hybrid. Freddie Mac 70H. An appraisal assignment consisting of a desktop appraisal for which the scope of work includes reviewing a recent interior/exterior property data report.

Is appraisal Form 70 the same as 1004?

Fannie Mae Form 1004: Uniform Residential Appraisal Report. Also known as the Freddie Mac Form 70. This is the standard appraisal form that is sometimes known as a full appraisal. This version is the revised (March 2005) version and requires an interior and exterior inspection of the subject property.

What is a 70D appraisal form?

Form 70D must be used when completing a desktop appraisal. This report is similar in format to Form 70, but when using Form 70D, the appraiser must provide a floor plan in addition to a building sketch. Related Guide Bulletins. Issue Date. Bulletin 2022-2.

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