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This report form is designed to report an appraisal of a one-unit property or a one-unit property with an accessory unit; including a unit in a planned unit development (PUD), based on an interior and exterior inspection of the subject property.
The 1004 is used when an appraiser is required to do an interior and exterior inspection. It is typically used when a lender is ordering an appraisal for a refinance or purchase transaction. This is the detached single-family residential form, as well as the townhouse appraisal form.
Freddie Mac Form 70D July 2020 Page 4 of 8 Fannie Mae Form 1004 July 2020 This report form is designed to report an appraisal of a one-unit property or a one-unit property with an accessory unit; including a unit in a planned unit development (PUD).
7 Φεβ 2024 · Uniform Residential Appraisal Report (Hybrid) (Form 1004 Hybrid) For appraisals of one-unit properties and units in PUDs (including those that have an illegal second unit or accessory dwelling unit) that are based on interior and exterior property data collection.
The 1004 form is an essential appraisal form in the real estate world. Used primarily for the appraisal of single-family residential properties, this form requires an interior and exterior inspection of a house.
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. Common sections featured on a URAR form include:
This document provides guidance to Appraisers who are preparing residential appraisal reports utilizing the industry standard forms and to lenders who are submitting the Appraiser’s completed reports to FHA in the Mortgage Industry Standards Maintenance Organization
