The Federal Emergency Management Agency (FEMA) issued a Disaster Declaration for the state of Alaska due to flooding.
Declaration Date: June 25, 2013
Incident Period: May 17, 2013 to June 11, 2013
The following areas were identified by FEMA:
Alaska Gateway Regional Educational Attendance Area, Lower Yukon Regional Educational Attendance Area, Yukon Flats Regional Educational Attendance Area and Yukon Koyukuk Regional Educational Attendance Area.
If the subject property is located in one of the above areas and the appraisal was completed on or before May 17, 2013 HomeBridge will require one of the following:
- An Appraisal Update and/or Completion Report (Fannie Mae Form 1004D), or
- A Desktop Underwriter Property Inspection Report (Fannie Mae Form 2075).
HomeBridge prefers the original appraiser provide the 1004D or 2075 however HomeBridge will accept the report from any appraiser as long as the original Appraisal Management Company assigns the appraiser (i.e. if the original appraisal order was placed through StreetLinks, the 1004D or 2075 must also be ordered through StreetLinks).
A 2075 is also required on the following:
- A DU Refi Plus transaction with a property inspection waiver (PIW).
- An FHA Streamline without an appraisal.
- A VA IRRRL.
In the event significant damage is indicated on the 1004D or 2075 additional conditions may apply.