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Real Estate markets and housing prices are declining.
Do you know how to recognize the issues and address new regulations - including the new FNMA 1004 MC form?
FHA announces adoption of the Market Conditions Addendum (FNMA 1004MC) in Mortgagee Letter of Mar 23, 2009.Details:
Appraising in declining markets requires identification of affected sub-markets and locations – as well as detailed analysis of market conditions, trends, supply and demand, absorption rates, and price changes over time. Course covers the selection and analysis of relevant market data including days on market, sales price to list price ratios, abstracting price changes, calculating adjustments, financing considerations, real estate owned, and reporting methods necessary to justify your conclusions.
Discussion includes new FNMA form - Implementation of the Market Conditions Addendum to the Appraisal Report (Form 1004MC)
Course qualifies for:
• 3.5 hours of appraisal and/or real estate continuing education credit for license renewal, no exam required
Click here to view class locations.
