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A drive-by appraisal, also sometimes referred to as a summary appraisal, is an alternative type of home appraisal during which an appraiser examines only the propertys exterior.
Fannie Mae 2055, Exterior-Only Inspection Residential Appraisal Report. Also known as the Freddie Mac form 2055.
The 2055 form is an appraisal form used by appraisers to appraise a single-family residential property. This form is used for an exterior-only inspection of a house. Form 2055 was developed by Fannie Mae and Freddie Mac in 2005 as an appraisal form for conventional lending purposes.
Form 1073. Form 1073 is the second most commonly used property appraisal form for residential properties. This form is used for appraising iniums. Essentially, it is the same form as Form 1004 and also serves the same purpose.
The appraiser must, at a minimum: (1) perform a visual inspection of the exterior areas of the subject property from at least the street, (2) inspect the neighborhood, (3) inspect each of the comparable sales from at least the street, (4) research, verify, and analyze data from reliable public and/or private sources,
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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 inium Unit or a 1-unit property with an accessory unit.
The first step is the appraisal inspection, where appraisers traditionally review the homes interior and exterior to make sure it is in sound structural shape, confirm that there arent any safety issues, note the number of rooms, and see if there have been any major upgrades or renovations since the last real estate
Form 1007 is mostly centered around appraising the rental data of a single-family home, while 1025 takes into account both rental income and fair market value of the types of properties its used to evaluate.

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