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  • Fannie Mae Form 2055 (old Form) - Tomaino Appraisal, Llc

Get Fannie Mae Form 2055 (old Form) - Tomaino Appraisal, Llc

TOMAINO APPRAISAL File No. Case No. THIS SUMMARY APPRAISAL REPORT IS INTENDED FOR USE BY THE LENDER/CLIENT FOR A MORTGAGE FINANCE TRANSACTION ONLY. Property Address City State Zip Code County Legal.

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How to fill out the Fannie Mae Form 2055 (Old Form) - Tomaino Appraisal, LLC online

Filling out the Fannie Mae Form 2055 (Old Form) can be straightforward with the right guidance. This comprehensive guide provides step-by-step instructions to help users complete the form accurately and effectively.

Follow the steps to fill out the Fannie Mae Form 2055 (Old Form) online

  1. Press the ‘Get Form’ button to access the Fannie Mae Form 2055 (Old Form) and open it in the editor.
  2. Fill out the file number and case number at the top of the form. These identifiers are crucial for record-keeping purposes.
  3. Provide the property address, including the city, state, zip code, and county to define the location of the property being appraised.
  4. Enter the property details like legal description and assessor's parcel number to ensure complete identification.
  5. Indicate any special assessments and provide the tax year and real estate taxes amount to offer a financial snapshot of the property.
  6. List the current owner and relevant details about the borrower, occupant, and occupancy status (owner, tenant, or vacant).
  7. Specify the neighborhood or project name and the project type (PUD or condominium) to categorize the property correctly.
  8. Fill in the description of loan charges and concessions to be paid by the seller, along with the sales price and date of sale.
  9. Identify the property rights appraised (fee simple or leasehold) to clarify the nature of ownership.
  10. Complete the sections addressing the condition of the neighborhood, property values, and any improvements made.
  11. Review the sections for site conditions, zoning compliance, and physical characteristics to disclose any conditions affecting the property.
  12. Document any comparable sales data, including adjustments made, to establish the market value of the subject property.
  13. Finally, review all entered information, save the completed form, and choose whether to download, print, or share it.

Complete your Fannie Mae Form 2055 online today to ensure timely and accurate submissions.

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Exterior-Only Inspection Individual Condominium Unit Appraisal Report (Form 1075) This report form is designed to report an appraisal of a unit in a condominium project or a condominium unit in a planned unit development (PUD) based on an exterior-only inspection of the subject property from at least the street.

Fannie Mae will allow the use of an origination appraisal for a subsequent transaction if the following requirements are met: The subsequent transaction may only be a limited cash-out refinance. The age of the appraisal report must be less than 12 months from the note date of the subsequent transaction.

Fannie Mae permits appraisals to be based on the “as is” condition of the property provided existing conditions are minor and do not affect the safety, soundness, or structural integrity of the property, and the appraiser's opinion of value reflects the existence of these conditions.

What is the major difference between the Fannie Mae 1004 form and the 2055 form? The 1004 is six pages, and the 2055 is four pages. On the 2055, the appraiser must document the source of information for the subject's GLA and physical characteristics.

The appraisal is used to judge the property's acceptability for the mortgage loan requested in view of its value and marketability. Find a comprehensive list of training resources like frequently asked questions, forms and more.

Keep in mind that Form 1004C is used for appraising single-family manufactured housing, while Form 1073 is used for condominium units. On the other hand, Form 1025 is for small multi-family investment properties.

A URAR form, also known as Fannie Mae Form 1004, contains information needed to complete a full appraisal of a property using three primary approaches to determine value: cost approach, sales comparison approach and income approach.

For most loans, Fannie Mae requires that the lender obtain a signed and complete appraisal report that accurately reflects the market value, condition, and marketability of the property.

Required Exhibits Clear, descriptive photographs (either in black and white or color) that show the front of the subject property, and that are appropriately identified. (Photographs must be originals that are produced either by photography or electronic imaging);

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Get Fannie Mae Form 2055 (Old Form) - Tomaino Appraisal, LLC
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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Help Portal
Legal Resources
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232