My New Blog

I have been dutifully filling out the 1004MC since April 1.  It is a complete, total, unambigous waste of time and money.  This is a form designed for markets that are urban and consistent throughout the year.  It is not for rural and seasonal areas (by that I mean we actually have a winter). 

The only thing this form does is raise the fee of appraisals because most of us have increased our fees anywhere from $25 to $50 to hassle with it.  This form needs to go by way of the junkyard; at least for rural and seasonal markets.  There should be one big box to check on it that says, "DOES NOT APPLY TO THIS MARKET."   That would save the borrower money and appraisers time.