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Click ‘Get Form’ to open the appraisal checklist in the editor.
Begin by reviewing the Subject Section. Ensure that the property address and seller/borrowers’ names match the loan file. Check for any special assessments and confirm how property rights are appraised.
Move to the Contract Section. Verify if the appraiser analyzed the contract, ensuring that the owner of public record matches the seller names on it.
In the Neighborhood Section, assess whether property values are declining and if demand reflects an oversupply. Pay attention to any negative comments regarding neighborhood conditions.
Proceed to fill out the Site Section, confirming zoning ratings and whether utilities are public. Note any adverse comments related to environmental conditions.
Complete the Improvements Section by evaluating condition ratings and identifying any adverse property conditions affecting livability.
Finally, review all sections for completeness before saving your work. Utilize our platform’s features to easily share or print your completed checklist.
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