New Appraisal Forms

New Forms!
Earlier this year Fannie Mae released the final versions of the much anticipated new forms. There are eleven new forms which will replace all the major forms we currently use. These new forms will be required on all appraisals performed on and after November 1, 2005. Lenders and appraisers may continue to use the existing appraisal report forms or the test forms released in 2004 until October 31, 2005.
· Uniform Residential Appraisal Report, Fannie Mae Form 1004
· Manufactured Home Appraisal Report, Fannie Mae form 1004C
· Appraisal Update and/or Completion Report, Fannie Mae Form 1004D
· Small Residential Income Property Appraisal Report, Fannie Mae Form 1025
· Individual Condominium Unit Appraisal Report, Fannie Mae Form 1073
· Exterior Only Inspection Individual Condominium Unit Appraisal Report, Fannie Mae Form 1075
· One-Unit Residential Appraisal Field Review Report, Fannie Mae Form 2000
· Two- to- Four Unit Residential Appraisal Field Review Report, Fannie Mae Form 2000A
· Exterior Only Inspection Residential Appraisal Report, Fannie Mae Form 2055
· Individual Cooperative Interest Appraisal Report Form, Fannie Mae Form 2090
· Exterior Only Inspection Individual Cooperative Interest Appraisal Report, Fannie Mae Form 2095