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New 2005 Form Diagram by Property Type

PROPERTY TYPE

INTERIOR #

EXTERIOR #

Single Family Properties

 

1004

2055

Manufactured Housing

1004C

 

Condominium Units

1073

1075

Appraisal Update and/or Completion Report

1004D

1004D

2-4 Family Properties

1025

 

Cooperative Units

2090

2095

 

 

 

Review Assignments

 

 

1 Unit Property

 

2000

2-4 Unit Properties

 

2000A

 

 

DESCRIPTION

New FORM #

PROPERTY OBSERVATION

COMMENTS                       

URAR

-Single Family Appraisal

1004

Interior

The new revised Uniform Residential Appraisal Report (URAR)

Manufactured Home Appraisal Report

-Manufactured Housing

1004C

Interior

This new form combines the old 1004 & 1004C addenda used in manufactured housing assignments.

Appraisal Update and/or Completion Report

1004D

Interior or Exterior

Replaces two older forms. This form now has a dual purpose. 1) to update a prior appraisal (recert), but only allows the appraiser to address whether there is any decline in value. 2) For a Completion report replacing the old Form 442. The form is used in assignments that were completed “Subject To” Repairs or Completion.

Small Residential Income Property Appraisal Report

-2-4 Unit Properties

1025

Interior

Replaces old form Fannie Mae 1025/Freddie Mac 72 with 2005 version.

Individual Condominium Unit Appraisal Report

-Condominium Units

 

1073

Interior

New 2005 version of older form

Individual Condominium Unit Appraisal Report

-Condo Unit(ext)

1075

Exterior

New product for exterior only condo assignments.

One-Unit Residential Appraisal Field Review Report

-One unit (SF, condo, etc)

2000

Exterior

Replaces old form 2000 that was previously utilized for 1-4 family review assignments.

Two to Four Unit Residential Appraisal Field Review Report

-2-4 Unit Properties

 

2000A

Exterior

New product for 2-4 unit review appraisals.

Exterior Only Inspection Residential Appraisal Report

-Single family (ext)

2055

Exterior

The 2055 form has been used for many years as an interior and exterior form, generally referred to as a limited report or drive-by; however the new version of the form is for exterior only assignments. This new form is for single family properties only. (No condos or co-op’s).

Individual Cooperative Interest Appraisal Report

-Cooperative Units

2090

Interior

Replaces the old version of form 1075.

Exterior Only Individual Cooperative Interest Appraisal Report

-Cooperative Units

2095

Exterior

New product for exterior only co-op assignments.