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New measurement standards for Fannie Mae Appraisals
December 17th, 2021 4:19 PM
Appraisers will be required to use the Square Footage-Method for Calculating: ANSI® Z765-2021 (American National Standards Institute®) Measuring Standard for measuring, calculating, and reporting gross living area (GLA) and non-GLA areas of subject properties for appraisals requiring interior and exterior inspections with effective dates of April 1, 2022.
For more information see the following article: https://www2.mckissock.com/blog/appraisal/fannie-mae-to-adopt-ansi-measurement-standard-in-2022/
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Posted by Wayne Henry on December 17th, 2021 4:19 PM
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