Freddie Mac 442 / Fannie Mae 1004D 2005-2025 free printable template

APPRAISER Signature Name Company Address Telephone Number Date of Signature and Report Date of Inspection State Certification or State License State Expiration Date of Certification or License CURRENT LENDER/CLIENT Freddie Mac Form 442 March 2005 Did not inspect subject property Did inspect exterior of subject property from street Page 1 of 1 Fannie Mae Form 1004D March 2005. Appraisal Update and/or Completion Report File The purpose of this report form is to provide the lender/client with an...

How to fill out fannie mae form 1004d

How to fill out Freddie Mac 442 / Fannie Mae 1004D

1. Obtain a copy of the Freddie Mac Form 442 / Fannie Mae Form 1004D.
2. Fill in the borrower's name and property address in the designated fields.
3. Provide details about the property type, such as single family residence, condo, etc.
4. Indicate the purpose of the appraisal, such as refinance or purchase.
5. Enter the date of the inspection and the appraiser's contact information.
6. Complete the sections related to property condition and any relevant improvements.
7. Verify that all necessary disclosures and certifications are included.
8. Review the completed form for accuracy before submission to the lender.

Who needs Freddie Mac 442 / Fannie Mae 1004D?

1. Lenders who are underwriting loans supported by Freddie Mac or Fannie Mae.
2. Appraisers who are conducting property valuations for mortgage purposes.
3. Borrowers in the home buying or refinancing process who are providing required documentation.

• Who needs a form 1004D?
• What is form 1004D for?
• Is it accompanied by other forms?
• • When is form 1004D due?
  • How do I fill out a form 1004D?
  • Where do I send it?

Who needs a form 1004D?

This form is used by property inspectors to inform a requesting party (usually, a lender or an owner of a property) of inspection results. Owners may request appraisal updates or completion reports with this form. Both are the obligation of the inspector. He must provide this file in order to determine a change in market value of the property.

What is form 1004D for?

When the owner requests an appraisal update, it means he wants to determine the property value after it was used by tenants or before it will be put up for sale. Also, the owner can use this form when he requested improvements to be made by the tenants or lessees, and he needs assurance that certain improvements have already been implemented. Used in this way, form 1004D is a completion report and documents the current state of the property.

Is it accompanied by other forms?

Yes, it is. Inspectors are requested to conduct outdoor inspections, which is why they to attach at least two photos of the property to the completed form 1004D.

When is form 1004D due?

The owner or lender will set the due date for conducting an inspection and filing this form.

How do I fill out a form 1004D?

In the first box, inspectors must write the address and legal description of the property. They need to provide the date of contract and effective date of original appraisal. They also must give the contacts of the client. If it’s a summary appraisal update, the only question to answer on this form is whether the market value of the subject property declined since the effective date of original appraisal. If it’s a completion report, inspectors must write if the improvements have been completed in accordance with the requirements and conditions stated in the original report.

Where do I send it?

Send it to the requesting party, that is, to the lender or the owner of the inspected property.

People Also Ask about what is 1004d

How long is a 1004D good for?

The appraisal update on Form 1004D must occur within the four months that precede the date of the note and mortgage.

Is a 1004D an appraisal update?

The 1004d form by Fannie Mae and 442 form by Freddie Mac is used to complete an appraisal update, final inspection, or in some circumstances, both for all one- to four-unit properties.

Can another appraiser complete a 1004D?

It is highly unlikely the second appraiser will get a copy of the first appraiser's workfile. But the second appraiser must have a copy of the entire appraisal the first appraiser did. Without this, there is nothing to update. For some more things to be aware of, look at the 1004D form itself.

What pictures are required in an appraisal?

The appraisal report must include at least one clear photograph that shows the front of each comparable sale. The appraisal must include additional photographs, as needed, to show the improvements, amenities or external influences that materially impact market value or marketability.

What photo is required for Fannie appraisal?

Clear, descriptive color photographs showing the front, back, and a street scene of the subject property and the front of each comparable. The subject and all comparables must be appropriately identified.

What is a 1004D form?

Fannie Mae Form 1004D March 2005. The purpose of this report form is to provide the lender/client with an accurate update of an appraisal and/or to report a certification of. completion.

What photos are required on a 1004D?

Required exhibits include: Front and street scene photos. Photos of completed improvements. (If the original appraisal was subject to carpet and dishwasher being installed, photos of these items must be furnished.)

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What is Freddie Mac 442 / Fannie Mae 1004D?

Freddie Mac 442 / Fannie Mae 1004D is a form used for reporting the completion of property appraisals, particularly for properties being refinanced or resold. It serves as a verification of the property's current condition and market value after repairs or renovations.

Who is required to file Freddie Mac 442 / Fannie Mae 1004D?

Typically, the lender or mortgage broker involved in the refinancing or sale of the property is required to file the Freddie Mac 442 / Fannie Mae 1004D form. This is often done by the appraiser who confirms the completion of required repairs.

How to fill out Freddie Mac 442 / Fannie Mae 1004D?

To fill out the form, the appraiser must provide information regarding the property address, details about the appraisal report, and specific observations about the property's current condition and any repairs completed. Key sections include the appraiser's signature, date, and remarks on repairs.

What is the purpose of Freddie Mac 442 / Fannie Mae 1004D?

The purpose of the Freddie Mac 442 / Fannie Mae 1004D is to confirm that any repairs or improvements promised by the borrower have been completed satisfactorily and that the property meets the required standards for lending.

What information must be reported on Freddie Mac 442 / Fannie Mae 1004D?

The form must report information such as the property address, the appraiser's findings regarding the completion of repairs, any deviations from the original appraisal, and confirmation that the property is in satisfactory condition for financing.