The Revised Fannie UAD Specs Dated 8-11-11

Fannie has updated some of their field specifications for performing UAD compliant reports:

Some of the updates include:
– Added additional clarity in Introduction and Purpose and Overview Sections.
– Added notation in multiple sections that  additional information can be provided elsewhere in the appraisal report.
– Added clarification to Overall Condition rating.
– Provided clarity on View and Location factors on how to report multiple factors.
– Provided additional notation on Basement & Finished Rooms Below Grade.
– Provided additional notation on Price of Prior Sale/Transfer.

Click on link to read updated UAD spec’s:

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ICAP was established in 1994 to be a unified voice for Real Estate Appraisers in the State of Illinois

Posted on August 25, 2011, in UAD. Bookmark the permalink. Leave a comment.

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