What is a 1004 appraisal form?
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 is a 1007 appraisal form?
Description: 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.
Is there a 1004C UAD form?
This includes the four UAD appraisal report forms and four additional forms: Uniform Residential Report (Fannie Mae Form 1004) Manufactured Home Appraisal Report (Fannie Mae Form 1004C)
What is Form 70 Freddie Mac appraisal?
Uniform Residential Appraisal Report Form 70 is designed to report the results of an appraisal of a 1-unit property, including a unit in a Planned Unit Development (PUD), a Detached Condominium Unit or a 1-unit property with an accessory unit. An interior and exterior inspection of the subject property is required.
What is a 216 appraisal form?
Operating Income Statement (Form 216) The operating income statement is used by appraisers to estimate net income when appraising one-to-four unit investment properties. Form 216 deducts common expenses including vacancy loss estimates from gross income to establish an estimate of net income.
What is a 1073 appraisal?
An Individual Condominium Unit Appraisal Report (ICUAR) is for appraisals of one-unit properties in condo projects based on interior and exterior property inspections. Also known as Fannie Mae Form 1073, appraisals reported on this form must be completed in accordance with the UAD Specification.
What is the Uniform Appraisal dataset?
Uniform Appraisal Dataset is a component of the Uniform Mortgage Data Program, an initiative undertaken by Fannie Mae and Freddie Mac (together known as the GSEs ) under the direction of the Federal Housing Finance Agency in the United States in order to comprehensively standardize mortgage loan data…
What is an uniform residential appraisal?
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 reporting and analysis of single-family dwellings or single-family dwellings with an “accessory unit”. It is also suitable for a building in a planned unit…
What is an uniform appraisal report?
Uniform Residential Appraisal Report. 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 reporting and analysis of single-family dwellings or single-family dwellings with an “accessory unit”.
What is FNMA 1004?
The Uniform Residential Appraisal Report (URAR form or Fannie Mae 1004 form) is one of the common forms utilized for real estate appraisal.