Navigating the complexities of cooperative share loans within the realm of real estate financing necessitates a thorough understanding of various documents and forms, among which the Fannie Mae 1074 form is notable. This form serves as a voluntary tool that lenders or appraisers can use to gather detailed information about a cooperative project from its management agent, board of directors, or sponsor/developer. The primary objective of this document is to facilitate the evaluation process to determine if Fannie Mae will accept cooperative share loans from the project in question. It is imperative to note that printing this form requires specific settings: it must be printed on legal size paper in a portrait format, and one should select the "shrink to fit" option in the Adobe Acrobat print dialogue box to ensure proper printing. Although its use is not mandatory, it represents a structured approach for lenders or appraisers to obtain crucial project information. Ultimately, regardless of whether this form is employed, the lender bears the responsibility for choosing the most appropriate method to acquire this information and ensuring its accuracy. This form encapsulates an essential aspect of real estate financing, offering a bridge between cooperative projects and potential lenders or appraisers.
| Question | Answer |
|---|---|
| Form Name | Fannie Mae Form 1074 |
| Form Length | 2 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 30 sec |
| Other names | 1074 1074 form |
Instructions
Request for Cooperative Project Information
A lender or an appraiser may use this form to request a cooperative project's management agent, board of directors, or sponsor/developer to provide certain information about the project that is needed in the evaluation of whether the project is one from which Fannie Mae will accept cooperative share loans.
Copies
Original.
Print this form
This form must be printed on legal size paper, using portrait format. When printing this form, you must use the "shrink to fit" option in the Adobe Acrobat print dialogue box.
Instructions
We do not require the use of this form. It offers only an optional means for an appraiser or a lender to collect cooperative project information. Whether or not this form is used, the lender remains responsible for determining the most appropriate method for obtaining project information, as well as for the accuracy of the information it obtains.
Instructions Page