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Fee Appraiser Updates

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.

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