Appraisal Waiver Offers Following a Disaster
After Fannie Mae has received an acceptable appraisal that was performed following a disaster, that appraisal can serve as the basis for a future appraisal waiver. DU may issue appraisal waiver offers in disaster areas as soon as 120 days following a disaster. Lenders may exercise these offers in accordance with the requirements in B4-1.4-10, Appraisal Waivers.
For additional information, see B2-3-05, Properties Affected by a Disaster.