Appraisal form 1025-2025

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The document is a Small Residential Income Property Appraisal Report for a property located at 770 E. Main Street, Anytown, IL. It provides an assessment of the property's market value, which is determined to be $178,000 as of November 8, 200X. The report includes details about the property, neighborhood characteristics, comparable rental and sales data, and the appraiser's analysis using sales comparison and income approaches. It also outlines the condition of the property, any physical deficiencies noted during inspection, and relevant market trends in the area.

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What is the difference between a 1004 and 1025 appraisal?

Though there have always been exceptions, if a property was zoned single-family residential (SFR) and there was a single home on the site, youd use a 1004 form for bank appraisals. If a property was zoned multi-family and there were two to four units on the site, an appraiser would use the 1025 form.

What is a 1025 appraisal report?

The Small Residential Income Property Appraisal Report (FHLMC 72/FNMA 1025) is for the appraisal of two- to four-unit properties, including properties in PUD, condo or co-op projects.

Is a 1007 an appraisal?

A form 1007 appraisal helps residential appraisers determine the market rent value of a single-family rental unit by comparing and analyzing the subject property with three other rental properties that share significant characteristics with the unit including information related to its physical structure, location, and

Does a 1025 appraisal include a 1007?

4) Form 1025 Multi-Family (Standard / FHA) For Investment/Income properties, the Form 1025 will be accompanied by Form 216 (Operating Income Statement). The Form 1007 (Comparable Rent Schedule) is not needed as an add on form as the 1025 includes a section for the Comparable Rent Schedule as part of the standard form.

What is a 1025 form in mortgage?

Fannie Mae 1025, Small Residential Income Property Appraisal Report. Also known as the Freddie Mac form 72. 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).

form 1025

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Who fills out form 1007?

Form 1007 is used by appraisers to estimate the monthly market rent for single-family investment properties. This form allows lenders to determine whether rental income can be considered when qualifying a borrower for a loan.

What is the difference between 1004 and 1025 appraisal forms?

Keep in mind that Form 1004C is used for appraising single-family manufactured housing, while Form 1073 is used for inium units. On the other hand, Form 1025 is for small multi-family investment properties.

Appraisal form 1025-2025

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What is the difference between a 1004 and 1025 appraisal?

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Is a 1007 an appraisal?

Does a 1025 appraisal include a 1007?

What is a 1025 form in mortgage?

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