This updated text will answer all your questions about the newly revised condominium appraisal report form (Freddie Mac Form 465/Fannie Mae Form 1073), which became effective August 1, 1995. Like the previous guide, this second edition provides line-by-line instructions as well as detailed information on the reasoning behind individual entries. Handy compliance tips are included to highlight what underwriters and regulators are looking for in the appraisals they review. Every aspect of valuing condominium units is covered here in specific, easy-to-understand terms.
About the Author
Arlen C. Mills, MAI, SRA, CRE, has been appraising real estate since 1956 and heads The Mills Company, Sonoma, CA. He values all types of urban and suburban property and has extensive experience in arbitration and tax matters. He has received a number of prestigious professional awards for his contributions to appraisal education and has written books and course materials for corporations and associations. Mr. Mills has been elected to membership on The Appraisal Foundation and has served on the Appraiser Qualification Board.