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1004p Appraisal Form: What You Should Know
Fannie Mae will be modifying its URAL to incorporate forms such as 1004 and 1004P, as well as a new electronic process called Hybrid 1004 desktop appraisal. To accommodate these alternative forms, the URAL will be renamed to the 1004 Desktop Form. Fannie Mae Will Add New 'Hybrid' or '1004 Desktop' Forms The 1004 Desktop Form is being added to the URAL. Fannie Mae Plans to Expand Its Hybrid Evaluator and Desktop Evaluator Process Fannie Mae plans to make a series of changes to its hybrid appraiser process. First, the changes will be made to all appraisal procedures in the state. A pilot program in a few other states will determine whether the changes have any effect. In the meantime, Fannie Mae will expand its use of a more advanced version of the 1004 Desktop Form. New and Improved 1004 Desktop Form and 1004Hybrid Form Fannie Mae plans to use the 1004 Desktop Form (and related form categories) for both home sales and open houses. Fannie Mae, the State of North Carolina and the State of Massachusetts have adopted the 1004 Desktop Form. To qualify, the property must be: · located in North Carolina; and · located in Massachusetts. 1004 Desktop Examination Forms and the 1004 Desktop Form for Sales-Only Properties in North Carolina The 1004 desktop form includes the following exam formats: A2 and A2X (on-site exam and interview). 1004 Desktop Form and 1004Hybrid Forms for Sales- only Properties in California The 1004 desktop form includes the following exam formats: N7 (on-site exam and interview). 1004 Desktop Exam Formats and 1004 Desktop Form for Sales-only Properties in Florida and New York The 1004 Desktop Form includes the following exam formats: A2 and A2X (on-site exam and interview). 1004 Desktop Exam Formats and 1004 Desktop Form for Sales- only Properties in Georgia and New Jersey The 1004 Desktop Form includes the following exam formats: N7 (on-site exam and interview). 1004 Desktop Exam Formats and 1004 Desktop Form for Sales-only Properties in Nevada and Ohio The 1004 Desktop Form includes the following exam formats: A2 and A2X (on-site exam and interview). 1004 Desktop E.O.
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Video instructions and help with filling out and completing 1004p Appraisal form
Instructions and Help about 1004p Appraisal form
Hi this is Todd Baker your certified mortgage flattering today we're going to talk about notice of appraised value so as a homeowner the way your property taxes are determined is that each year your county's appraisal district will assess a value to the property and if you go to the county website and whether it's Colin or Taryn or Denton or Grayson wherever you whatever counting you're out you can read about the procedure I can tell you the larger counties have sometimes a little better web sites but essentially the procedure is is beginning after the after the after the taxis and they go through a process of analyzing the market data electronically it sort of like Zillow but more robust and then then they do some field work and through that methodology they will come up with a valuation of your property that valuation is sent in a form call notice of appraised value I'm actually to go over here in a minute so you get those they come out in April and it's very important for you to look at those because for most people they don't really pay attention and so I'm gonna go with something go over what to look for and what to be aware of and how to protest because if the county assesses it very high like I'd say right now from year to year in certain areas and look at locales based on market demand and market forces and appreciation values can go up so what you want to do is make sure that what their assessment for is at or below market value if it's way higher you do have the ability to protest that and lower your property taxes you can also see whether or not if you...