Construction and Valuation - Fee Appraiser Updates
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Circular 26-09-6 - March 31, 2009
Sale of New Construction Properties by Lenders
PURPOSE: The purpose of this
circular is to announce that, under certain
circumstances, the Department of Veterans Affairs
(VA) will allow for the purchase of “new
construction” properties without either a VA 1-year
warranty or a 10-year insurance backed protection
plan.
Circular 26-09-5 - March 31, 2009
VA Appraisal Requirements on Foreclosed Properties
PURPOSE: This circular
reaffirms Department of Veterans Affairs (VA) policy
that all properties, including foreclosed
properties, must meet minimum property requirements
(MPRs) prior to VA Loan Guaranty.
Circular 26-09-4 - March 27, 2009
Market Conditions Addendum to VA Appraisal
PURPOSE: The purpose of this
circular is to announce that, effective no later
than April 1, 2009, VA will require appraisers to
include Fannie Mae Market Conditions Addendum, Form
1004MC, in all VA appraisal reports.
Circular 26-09-3 - March 27, 2009
Agreement of Sale/Sales Contract to be Provided to the Fee Appraiser
PURPOSE: The purpose of this
circular is to announce the Department of Veterans
Affairs (VA) requirement that a copy of the
agreement of sale or sales contract be provided to
the fee appraiser by the requester of the VA
appraisal immediately upon assignment.
Circular 26-07-3 - Change 2 - February 10, 2009
Appraisal of Proposed or Under Construction Properties from Model Homes
PURPOSE: The purpose of this
change is to extend the rescission date of the basic
circular and to make a correction to a chapter
reference.
Circular 26-08-13 - August 7, 2008
Access to Vacant
Properties for Liquidation Appraisals
PURPOSE: This
circular describes the policies and procedures for
VA fee appraisers to obtain access to vacant
properties to perform VA liquidation appraisals.
Circular 26-07-3 - Change 1 -
January 15, 2008
Appraisal of Proposed or
Under Construction Properties from Model Homes
PURPOSE:
The purpose of this change is to correct a chapter
reference in paragraph 3 of the basic circular.