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An appraisal report is usually a written statement of the appraiser's opinion of value of an adequately described property as of a specified date. It is a conclusion which results from the process of research and analysis of factual and relevant data.
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 are the different types of appraisal report?
In addition to these two types of appraisals, there are three types of report formats: self-contained, summary, and restricted. Self-Contained Report. In this option, the appraiser provides all of the data and the rationale used in the development of the appraisal.
What is a 1075 appraisal form?
Exterior-Only Inspection Individual Condominium Unit Appraisal Report (Form 1075) This report form is designed to report an appraisal of a unit in a condominium project or a condominium unit in a planned unit development (PUD) based on an exterior-only inspection of the subject property from at least the street.
What is a hybrid desktop appraisal?
A hybrid appraisal is a lot like a traditional appraisal, but instead of the appraiser doing both the inspection of the home and the appraisal report, the process is split into two parts that are each completed by a different person. Hence the name \u201cbifurcated.\u201d
Related Searches
uniform residential appraisal report template exceluniform residential appraisal report explanationfillable 1004 appraisal formuniform residential appraisal report pdffannie mae form 1004 instructionswhat’s the intended use of the uniform residential appraisal report?
The Uniform Residential Appraisal Report (Hybrid) (Fannie Mae Form 1004 Hybrid) supports hybrid appraisals, and Uniform Residential Appraisal Report (Desktop) (Fannie Mae Form 1004 Desktop) supports desktop appraisals in UCDP.
What form is used for a desktop appraisal?
What Fannie Mae form will appraisers use to complete a desktop appraisal? Appraisers must use Fannie Mae Form 1004 (Desktop) to complete desktop appraisals.
What are the two types of appraisal reports?
The Uniform Standards of Professional Appraisal Practice (USPAP) provides for two types of appraisals: "complete appraisals" and "limited appraisals." The distinction between complete and limited appraisals depends on the amount of work performed in the collection and analysis of data.
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 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 ...
Related links
Uniform Residential Appraisal Report - Wikipedia
A Uniform Residential Appraisal Report or URAR is one of the most common forms used in real estate appraisal which was created to allow for standard ...
All appraisals performed for FHA-insured mortgages must be reported on one of the following appraisal reporting forms, based on the property type: ; Property ...
SAMPLE-2 Page #6 241-8895555 Uniform Residential Appraisal Report File # SAMPLE-2 This report form is designed to report an appraisal of a one-unit property ...
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