What is a 1007 on an appraisal? The Single Family Comparable Rent Schedule Form 1007 is intended to provide an appraiser with a familiar format to estimate the market rent of a property. Adjustments should
What is a 1007 on an appraisal?
The Single Family Comparable Rent Schedule Form 1007 is intended to provide an appraiser with a familiar format to estimate the market rent of a property. Adjustments should be made only for those items of significant difference between the comparables and the subject property.
What is a 1007 in Mortgage?
Single-Family Comparable Rent Schedule (Form 1007): PDF. Page 1. SINGLE FAMILY COMPARABLE RENT SCHEDULE. This form is intended to provide the appraiser with a familiar format to estimate the market rent of the subject property.
What is the difference between 1007 and 216?
Fannie Mae Form 1007 is used to provide an estimated market rent for the subject. Fannie Mae Form 216 is used to estimate the operating income associated with income-producing property.
What is a 216 appraisal?
The Operating Income Statement Report Form 216 is used on 1-4 income investment properties and 2-4 family owner-occupied properties.
What is a 1004 appraisal?
A URAR form, also known as Fannie Mae Form 1004, contains information needed to complete a full appraisal of a property using three primary approaches to determine value: cost approach, sales comparison approach and income approach. Basic information including address, legal description, owner’s and/or borrower’s names.
What type of appraisal is a 1025?
What is a Small Residential Income Property Appraisal Report (Form 1025)? This is the industry-standard appraisal report type for 2-4 unit residential properties. It is the most commonly used report format for two to four unit residential income property appraisals.
What is a 1025 216 appraisal?
Conventional 1025 Triplex with 216 Operating Income Statement. This counterpart to the 1004 form is used when appraising 2-4 family properties (multi-family).
What is a 1004D update?
APPRAISAL UPDATE / COMPLETION REPORT (1004D) Perform an exterior inspection of the subject from the street. Research, verify and analyze current market data in order to determine if the property has declined in value since the effective date of the original appraisal. Provide Front and Street scene photos of the …
What is Form 216 used for?
Form 216 – Application for Foreign-Trade Zone Activity Permit.
What is a 2075 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 …