2055: The Appraisal Form 2055 or 2075, Could Save Your DEAL! - 06/12/12 09:04 AM
In this market, it is important to know every mortgage program possible.  So you can be quick to come up with a plan for problems.  When there are some issues to think about: no flooring, dry wall issues, foundation problems, etc.  How would you get around these, when any lender would require them to be repaired?  Ask the Seller to repair them, maybe…..  but good luck.  One way to answer this problem is the Appraisal Form 2055 or 2075.  Let’s go over a short explanation of both:
2055- This form is a little shorter then Appraisal form 1044(the full complete appraisal) … (3 comments)

2055: Know your Appraisal options. Appraisal Form 1004, 2055, 2075 - 10/28/10 07:43 AM
When doing a mortgage you need to pay for an appraisal.  This is part of the mortgage process.  But, there are times where you can choose to use different appraisal forms.  These different forms offer different information that the lender requires and there are different costs for these different appraisals.  Here is an explanation of the major appraisal forms and their benefits:
 
1004- this is the complete full appraisal.  It uses comparable sales to decide a value.  It will include the appraiser coming out to your home and doing interior and exterior photos.   The majority of mortgages require this appraisal. 2055- … (1 comments)

 
David Krichmar, DaveYourMortgageGuy.com (www.DaveYourMortgageGuy.com - Legend Lending) Rainmaker large

David Krichmar

DaveYourMortgageGuy.com

Sugar Land, TX

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www.DaveYourMortgageGuy.com - Legend Lending

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