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Get Freddie Mac 71a 2004-2026
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How to fill out the Freddie Mac 71A online
The Freddie Mac 71A form is a crucial document for appraisers assessing residential income properties. This guide provides a comprehensive overview and detailed instructions on how to complete the form online, ensuring accuracy and clarity throughout the process.
Follow the steps to fill out the Freddie Mac 71A form with ease.
- Click the ‘Get Form’ button to obtain the Freddie Mac 71A form and open it in the editor.
- Begin by filling in the file number and property identification sections, which include details such as the borrower/client name, property address, map reference, and legal description.
- In the property information section, enter the current sale price and the date of sale, if applicable. Specify the requested loan amount along with the terms of sale.
- Indicate the property rights appraised, such as fee or leasehold, and provide the lender's details including name and address.
- Follow the instructions for the appraiser carefully, detailing the market value guidelines and any relevant comments regarding the property appraised.
- Attach the required supplementary documents based on the purpose of the appraisal. This includes photographs, sketches, and certified rent rolls.
- Complete the summary sections detailing salient features, neighborhood data, area data, and market conditions impacting the property.
- Finalize the cost approach and income approach sections by estimating land value and outlining necessary expenses and income forecasts.
- Review all sections for completeness. Save changes and either download, print, or share the form as needed.
Complete your Freddie Mac 71A form online today for a seamless appraisal process.
A land appraisal typically utilizes the Uniform Appraisal Standards for Federal Land Acquisitions or may follow specific state guidelines. However, for properties under Freddie Mac, the relevant appraisal forms like 71A might be used as well. Familiarizing yourself with the appropriate forms ensures you meet the necessary criteria during the appraisal process.
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