What is a 1025 appraisal?

What is a 1025 appraisal?

The Small Residential Income Property Appraisal Report (FHLMC 72/FNMA 1025) is for the appraisal of two- to four-unit properties, including properties in PUD, condo or co-op projects. Data indicating physical characteristics of the subject property such as age, materials and condition.

What appraisal form should a detached condo be on?

Form 465 is designed to report the results of an appraisal of a 1-unit property in a Condominium Project, whether attached or detached. An interior and exterior inspection of the subject property is required.

What are the documents and exhibits required to complete an appraisal report?

Showing the location of the subject property and the comparables that the appraiser used. Clear, descriptive photographs showing the front, back, and a street scene of the subject property and the front of each comparable. The subject and all comparables must be appropriately identified.

What is a 1025 appraisal form used for?

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.

Does a 1025 appraisal include a 1007?

Property Appraisal Report (Form 1025), as applicable, and copies of the current lease agreement(s). rent supported by the Single-Family Comparable Rent Schedule (Form 1007) or a Small Residential Income Property Appraisal Report (Form 1025), as applicable, may be used.

What are the different types of appraisal forms?

The four types are the full appraisal, exterior-only appraisal, the rental analysis, and the broker price opinion. A full appraisal is the most common type of appraisal. How the appraised value is determined is the same for all home appraisal types. The appraisal costs for each is different.

What is required in an appraisal report?

The appraisal report must include the definition of value (e.g., market value), the effective date of value, the subject property’s relevant characteristics, and any other special instructions from the lender, Fannie Mae, Freddie Mac, VA, FHA, etc.

Does FHA require 2 active listings?

(F)(2): FHA Appraisal Requirements in Changing Markets – Required Analysis and Reporting. (F)(2) that the appraiser must include, analyze, and report a minimum of two active listings or pending sales on the appraisal grid.

Is there a 1025 UAD form?

Small Residential Income Property Appraisal Report (Form 1025), Individual Condominium Unit Appraisal Report (Form 1073), and.

What numbers go into 1025?

Angel number 1025 amalgamates the characteristics and energies of Number 1, 0, 2, 5, number 10, number meaning 12, angel number 21, 20, 52, 51, number 15, 25, 102, 105, 251, 250, 520, 521, 502 and more.

What is 1025 divided by 10?

To be more specific, by which integers can you divide 1025 and get another integer? Below, we list what numbers can be divided by 1025 and what the answer will be for each number. 1025 / 1 = 1025 1025 / 5 = 205 1025 / 25 = 41 1025 / 41 = 25 1025 / 205 = 5 1025 / 1025 = 1 What is 1026 divisible by? Now you know what 1025 is divisible by.

Does a 1025 include a 1007?

1007,Selling Transactions,Loan Application Created Date: 19970131020648Z

What is a 1025 appraisal form?

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.