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What is the difference between 1004 and 1073?

The Uniform Residential Appraisal Report (URAR) is the most commonly used single-family appraisal form, and it is also known as Form 1004. Keep in mind that Form 1004C is used for appraising single-family manufactured housing, while Form 1073 is used for condominium units.

What is a 2070 appraisal form?

2070 - Condition and Marketability Report (FHLMC) Form is used to determine the condition and marketability of the subject with no final determination of value.

What is a 2055 form?

Form 2055 is designed to report the results of an appraisal of a 1-unit property, including a unit in a Planned Unit Development (PUD), Detached Condominium Unit or a 1-unit property with an accessory unit. An exterior-only inspection of the subject property is required.

What is a 2090 appraisal?

This report form is designed to report an appraisal of the cooperative interest (the cooperative shares or other evidence of an ownership interest in the cooperative corporation and the accompanying occupancy rights) in a cooperative project or the cooperative interest in a planned unit development (PUD).

What is a 2055 exterior appraisal?

Exterior-Only Inspection Residential Appraisal Report Form 2055 is designed to report the results of an appraisal of a 1-unit property, including a unit in a Planned Unit Development (PUD), Detached Condominium Unit or a 1-unit property with an accessory unit.

1073 form

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Why is the title page important in a narrative appraisal report?

1. Title Page. The title page should clearly identify the appraisal report subject for all report users. The title page should identify (1) the subject personal property, (2) the location of the personal property, (3) the definition of value concluded and (4) the "as of" valuation date.

What is a 1025 appraisal form used for?

This report form is designed to report an appraisal of a two- to four-unit property, including a two- to four-unit property in a planned unit development (PUD).

What is a Form 2075 for appraisal?

Desktop Underwriter's enhanced risk assessment capability enables the use of the Desktop Underwriter® Property Inspection Report (Form 2075), which requires an exterior-only inspection of the subject property from the street by a state-licensed or state-certified appraiser without an estimate of market value for the ...

What is an exterior-only appraisal?

An Exterior-Only Inspection Residential Appraisal Report allows an appraiser to document observations based off of the following actions: An exterior inspection of the subject property. A street map that shows the location of the subject property and of all comparables used.

What are the different types of appraisal forms?

There are four home appraisal types for the mortgage loan process. The four types are the full appraisal, exterior-only appraisal, the rental analysis, and the broker price opinion. A full appraisal is the most common type of appraisal.

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Why is the title page important in a narrative appraisal report?

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