well to end this thread here is the newest letter about site condos..
IMPORTANT INFORMATION
· Effective for appraisals with FHA Case numbers assigned on or after December 7, 2009; site condominiums are to be reported on FNMA form 1004.
HUD defi...
I see I'm coming in a little late to this discussion. I have never been asked for the MLS listing before now. I sent the entire listing! oops. And now they want it on another attached to the appraisal.. I could not get the listing into the apprais...
Can you elaborate? Does this mean at the lending side; as in they do not need approval of the project; Or for the appraiser? If the appraiser, how so? What am I not getting here. Site Condo, You know this is a pet peeve of mine!! Hi! how are you.
Work right from Fannie Mae, this is interesting. First I have heard of this. Also, I wonder why my photo is not showing up. I uploaded it and clicked on show all? : (
Nancy, The AMC's are from California and serve local credit unions. I had to get approved on the credit union's list of appraisers which was difficult as they only accept new appraisers if there is a need in a specific area. I have been approved w...
AMC's send out assignments with low fee's as long as appraisers will accept them. If ALL appraisers did not accept the low fee's, the AMC's would have little choice but to raise the fee's to acceptable levels. I do some assignments for several AMC...
I can hardly bare it. All the years invested…. Now the extra forms and follow ups with new and ever on going conditions… and all for lower and lower fees. Are we at minimum wage yet? Miles, wear and tear on car, hours and hours at the desk………I bel...
It is very pathetic. There was an advertised order for Landsafe on their site all day yesterday that paid $240 for a 1004 MC and it was in a rural area. To compound that Appraisal Port takes $10 for their cut in the deal. I knew someone would take...
A letter sent to me today:
Good Morning:
Sorry I missed your call. Our client has referred your office to NREIS for approval. Since National Real Estate Information Service (NREIS) is a management company, the fees are competitive. In your cover...
I have to agree that the site condo fits better into a SFR type. There is little similarity to a site condo to condominium versus a site dondo to a SFR. I have written letters to banks for years and they have excepted my explanation and allowed th...