This document provides information on various appraisal products and services offered including:
- Single-family residential appraisals for $450 that include an interior and exterior inspection and valuation in compliance with USPAP.
- FHA single-family appraisals for $475 that include additional health and safety guidelines.
- Non-owner occupied single-family appraisals for $450 that include a rental schedule and operating statement.
- Two-to-four unit residential appraisals ranging from $600-$750 utilizing form 1025 and including operating statements.
- Condominium appraisals for $450 utilizing form 1073 and complying with USPAP and FHA guidelines.
- RE
This document provides a summary of Isagani Porcina's career history and qualifications. It lists his positions on various construction projects in Dubai and Vietnam from 2008 to present, where he served as an Electrical and Maintenance Construction Manager on metro and tunnel projects. It also outlines his experience as an Electrical Site Manager on industrial and infrastructure projects in the Philippines from 1999 to 2005.
This document provides construction cost guidelines for various building types in different Canadian regions, including Vancouver, Calgary, Edmonton, and the Greater Toronto Area. It lists estimated cost ranges per square foot for residential, commercial, institutional, and industrial building types. Notes are provided on measurement definitions, cost inclusions/exclusions, and factors that could impact costs. The guidelines are intended as general references rather than substitutes for detailed cost estimates for specific projects.
Tony Erb has over 30 years of experience in construction, engineering, and mechanical industries in Florida. He has managed projects ranging from $40-130 million and designed commercial and retail developments from 55,000-100,000 square feet. Erb has experience in civil engineering, surveying, permitting, HVAC design and installation, and owned his own engineering company for 14 years. He holds certifications in contracting, stormwater management, and HVAC and graduated with an HVAC certification from Pensacola State College.
Fred Thompson has over 30 years of experience in construction, engineering, and inspection. He has worked as a skilled laborer, construction supervisor, engineering inspector, and project manager on various commercial and infrastructure projects. His background includes expertise in areas such as MOT coordination, flagging, site work, utilities installation, and regulatory compliance inspection. He is proficient in scheduling, cost analysis, and quality assurance.
This document provides a summary of qualifications and work experience for Remigio Gloria, including over 25 years of experience as an AutoCAD designer with expertise in piping layout and design. Some of his qualifications include developing piping designs, preparing equipment drawings, and managing multiple projects to meet deadlines. He has worked on several oil and gas pipeline projects in Yemen and Papua New Guinea.
Eric Garvin has over 19 years of experience in project and construction management in the telecommunications industry through various acquisitions and mergers. He has managed nationwide projects including a shared generator project and 5,000 tower lighting installations. As a project manager, he was responsible for developing new tower projects from acquiring land to completion. He also has over 18 years of experience as a registered land surveyor performing property surveys, engineering plans, and storm water management plans.
The document provides answers to common questions about operating a VidOn Box media player. It includes instructions on how to properly power off the device, change display settings if no signal is shown on the TV, send log files for troubleshooting, manage downloaded files, and clean memory space. Connecting an external hard drive may require formatting it on a Windows system first.
Finite Element Analysis of Single Slot Antenna for Microwave Tumor AblationIOSR Journals
This document presents a finite element analysis of single slot antennas for microwave tumor ablation. Three antenna models with different slot sizes between 2.5-4.5mm were simulated using COMSOL Multiphysics software. The 3.5mm slot antenna had the lowest reflection coefficient of -44.68 dB and highest total power dissipation of 9.48 W. Temperature distributions in liver tissue were simulated over time periods of 120-600 seconds. Higher microwave power levels and longer time periods resulted in larger ablation zones with maximum temperatures reaching up to 98°C, sufficient for tumor ablation.
This document provides a summary of Isagani Porcina's career history and qualifications. It lists his positions on various construction projects in Dubai and Vietnam from 2008 to present, where he served as an Electrical and Maintenance Construction Manager on metro and tunnel projects. It also outlines his experience as an Electrical Site Manager on industrial and infrastructure projects in the Philippines from 1999 to 2005.
This document provides construction cost guidelines for various building types in different Canadian regions, including Vancouver, Calgary, Edmonton, and the Greater Toronto Area. It lists estimated cost ranges per square foot for residential, commercial, institutional, and industrial building types. Notes are provided on measurement definitions, cost inclusions/exclusions, and factors that could impact costs. The guidelines are intended as general references rather than substitutes for detailed cost estimates for specific projects.
Tony Erb has over 30 years of experience in construction, engineering, and mechanical industries in Florida. He has managed projects ranging from $40-130 million and designed commercial and retail developments from 55,000-100,000 square feet. Erb has experience in civil engineering, surveying, permitting, HVAC design and installation, and owned his own engineering company for 14 years. He holds certifications in contracting, stormwater management, and HVAC and graduated with an HVAC certification from Pensacola State College.
Fred Thompson has over 30 years of experience in construction, engineering, and inspection. He has worked as a skilled laborer, construction supervisor, engineering inspector, and project manager on various commercial and infrastructure projects. His background includes expertise in areas such as MOT coordination, flagging, site work, utilities installation, and regulatory compliance inspection. He is proficient in scheduling, cost analysis, and quality assurance.
This document provides a summary of qualifications and work experience for Remigio Gloria, including over 25 years of experience as an AutoCAD designer with expertise in piping layout and design. Some of his qualifications include developing piping designs, preparing equipment drawings, and managing multiple projects to meet deadlines. He has worked on several oil and gas pipeline projects in Yemen and Papua New Guinea.
Eric Garvin has over 19 years of experience in project and construction management in the telecommunications industry through various acquisitions and mergers. He has managed nationwide projects including a shared generator project and 5,000 tower lighting installations. As a project manager, he was responsible for developing new tower projects from acquiring land to completion. He also has over 18 years of experience as a registered land surveyor performing property surveys, engineering plans, and storm water management plans.
The document provides answers to common questions about operating a VidOn Box media player. It includes instructions on how to properly power off the device, change display settings if no signal is shown on the TV, send log files for troubleshooting, manage downloaded files, and clean memory space. Connecting an external hard drive may require formatting it on a Windows system first.
Finite Element Analysis of Single Slot Antenna for Microwave Tumor AblationIOSR Journals
This document presents a finite element analysis of single slot antennas for microwave tumor ablation. Three antenna models with different slot sizes between 2.5-4.5mm were simulated using COMSOL Multiphysics software. The 3.5mm slot antenna had the lowest reflection coefficient of -44.68 dB and highest total power dissipation of 9.48 W. Temperature distributions in liver tissue were simulated over time periods of 120-600 seconds. Higher microwave power levels and longer time periods resulted in larger ablation zones with maximum temperatures reaching up to 98°C, sufficient for tumor ablation.
This document provides an overview of SK Telecom's digital strategy goals which are to provide the fastest wireless network in the world, gain new customers and retain existing ones, and grow their network. The key ideas are to use content marketing on social media and mobile to reach their target audience of all age Korean mobile users. The proposed budget is $286,500 which will be spent on Google AdWords, social media events, and commercials. Success will be measured through social media engagement metrics like feedback, shares, and views.
Este documento define y describe las características principales de un blog. Un blog es un sitio web en el que uno o más autores publican artículos de forma cronológica, con el más reciente primero. Los blogs suelen incluir enlaces a otros blogs y páginas, sistemas de comentarios para conversaciones entre lectores y autores, y formularios para que los lectores añadan comentarios.
Аудиотермометр - электронный термометр, подключающейся к андроид смартфону через аудио разъем.
В этой презентации больше технических деталей об устройстве аудиотермометра и андроид-приложения для него.
En la era digital los directivos van a tener que multiplicar por diez su capacidad. El nuevo entorno digital requiere que los ejecutivos sean sujetos multitarea, una especie de hombres y mujeres orquesta. El mundo digital va a requerir que los profesionales incorporen una serie de habilidades a su know-how que, hasta hace poco, nada tenían que ver con su desempeño diario.
Este documento explica conceptos básicos sobre Internet. Explica que Internet es una red descentralizada de redes interconectadas que usan protocolos TCP/IP. También describe algunos servicios exitosos como la World Wide Web, los métodos comunes de acceso a Internet, causas potenciales de interrupciones, la función de los navegadores web para visualizar páginas y documentos, y el uso de enlaces hipertextuales para navegar entre páginas.
Hi :) Aeturnist#2 Issued. My article on “Mobile Security” is published in this issue :) This article covered brief history of mobile security, Vulnerability Analysis, Why Malware Attacks? Why on Android? How to Protect Your Device and Importance of Mobile Data Security. Hope you guys enjoy reading… :)
El documento describe el reino milenial profetizado en las Escrituras. Según las profecías, durante el reino milenial Jesucristo reinará sobre la tierra desde Jerusalén por mil años después de su segunda venida. Gobernará con justicia y paz, y los creyentes resucitados vivirán y reinarán con él en la tierra durante ese tiempo.
Global South- South Development Expo 2013
A presentation from Solution forum 1 by UNEP
Solution Forum 1 will present innovative Southern projects that are contributing substantial and tangible benefi ts to the environment as well as to economic development, decent job creation and poverty eradication at the global, regional and national levels.The solutions highlighted have been selected from a diverse spectrum of environment-related areas, such as energy, chemicals, sustainable consumption and production, and integrated green economy policy assessment.
This document provides an overview of FHA appraisal requirements and guidance as outlined in FHA's Single Family Housing Policy Handbook 4000.1 and the FHA Appraisal Report and Data Delivery Guide. It discusses topics such as appraiser competency and independence, legal property requirements, neighborhood and market analysis, site analysis including hazards and utilities, and reporting atypical property features such as accessory units. The presentation aims to help appraisers properly understand and apply FHA appraisal policies and standards.
Waller county appraisal district valuation processcutmytaxes
The goals and objectives of this presentation are to provide Property
Owner’s an overview of WCAD’s Appraisal Valuation Process for property in
Waller County.
CoesterVMS - Explaining the appraisal process to your borrowerBrian Coester
As every originator knows one of the most complex parts of the loan process is the appraisal. With the varying turn times, product specific overlays, inspection requirements, investor requirements and a host of other issues it's no surprise this has been a point of conflict within the loan process. On December 21st Certified Residential Real Estate Appraiser and CEO of CoesterVMS Brian Coester will sit down and explain the appraisal process, comparable selection, use of MLS system's, data analytics, FHA inspection requirements and more.
You're not going to want to miss this one hour information and education webinar!
Topics Covered:
Appraisal Process
Inspection Process
FHA Overlays
Investor Requirements
Appraisal Turntimes
Appraisal Fee Increases
Delays
and more!
How to Package a Loan Request for Construction, Rehab, and Commercial LoansBeau Eckstein
The document provides a template for a financing request package that borrowers should submit to SFR Ventures Inc. when requesting a loan. The package should include a cover page with property and contact details, an executive summary with the loan request specifics and exit strategy, a property description, location and market analysis with comparables, financial analysis pro forma, information about the borrower, and appendices with supporting documents. A completed financing request package following this template can help streamline the review process and potentially result in funding within 5-7 business days.
The document provides updates on several topics related to USFR compliance, including:
- Revisions to the USFR Chart of Accounts effective July 1, 2016 including changes to object codes and the addition of new functions.
- Procurement requirements for purchases such as high school textbooks, stipends, facility repairs, and event security.
- Student attendance reporting guidelines for full-time equivalency, alternative instruction options, and transportation eligibility.
- Records management best practices around designating a responsible individual, retention periods, and electronic files.
- Conflict of interest policy requirements including disclosure communications and maintaining a file.
This document discusses communicating with appraisers. It explains that you can talk to an appraiser about a property but cannot influence or change the appraised value. It also outlines the process to become an appraiser and some of the key things appraisers look for, such as location, style, and renovations that appeal to a broad audience. The document provides tips for working with appraisers if the initial value comes in low, such as submitting additional comparable sales data to support reconsidering the value.
Steven Coyne is a highly motivated insurance professional seeking a new opportunity. He has over 30 years of experience in insurance claims adjusting and examination. His most recent role was as a claims examiner at Florida Peninsula Insurance Co. from 2011 to 2015 where he reviewed claims reports and approved compliant claims for payment. Prior to that he held several roles with increasing responsibility in claims adjusting, examination, and management. He has a strong track record of success in the insurance industry and is well qualified for a new role.
This document provides an overview of SK Telecom's digital strategy goals which are to provide the fastest wireless network in the world, gain new customers and retain existing ones, and grow their network. The key ideas are to use content marketing on social media and mobile to reach their target audience of all age Korean mobile users. The proposed budget is $286,500 which will be spent on Google AdWords, social media events, and commercials. Success will be measured through social media engagement metrics like feedback, shares, and views.
Este documento define y describe las características principales de un blog. Un blog es un sitio web en el que uno o más autores publican artículos de forma cronológica, con el más reciente primero. Los blogs suelen incluir enlaces a otros blogs y páginas, sistemas de comentarios para conversaciones entre lectores y autores, y formularios para que los lectores añadan comentarios.
Аудиотермометр - электронный термометр, подключающейся к андроид смартфону через аудио разъем.
В этой презентации больше технических деталей об устройстве аудиотермометра и андроид-приложения для него.
En la era digital los directivos van a tener que multiplicar por diez su capacidad. El nuevo entorno digital requiere que los ejecutivos sean sujetos multitarea, una especie de hombres y mujeres orquesta. El mundo digital va a requerir que los profesionales incorporen una serie de habilidades a su know-how que, hasta hace poco, nada tenían que ver con su desempeño diario.
Este documento explica conceptos básicos sobre Internet. Explica que Internet es una red descentralizada de redes interconectadas que usan protocolos TCP/IP. También describe algunos servicios exitosos como la World Wide Web, los métodos comunes de acceso a Internet, causas potenciales de interrupciones, la función de los navegadores web para visualizar páginas y documentos, y el uso de enlaces hipertextuales para navegar entre páginas.
Hi :) Aeturnist#2 Issued. My article on “Mobile Security” is published in this issue :) This article covered brief history of mobile security, Vulnerability Analysis, Why Malware Attacks? Why on Android? How to Protect Your Device and Importance of Mobile Data Security. Hope you guys enjoy reading… :)
El documento describe el reino milenial profetizado en las Escrituras. Según las profecías, durante el reino milenial Jesucristo reinará sobre la tierra desde Jerusalén por mil años después de su segunda venida. Gobernará con justicia y paz, y los creyentes resucitados vivirán y reinarán con él en la tierra durante ese tiempo.
Global South- South Development Expo 2013
A presentation from Solution forum 1 by UNEP
Solution Forum 1 will present innovative Southern projects that are contributing substantial and tangible benefi ts to the environment as well as to economic development, decent job creation and poverty eradication at the global, regional and national levels.The solutions highlighted have been selected from a diverse spectrum of environment-related areas, such as energy, chemicals, sustainable consumption and production, and integrated green economy policy assessment.
This document provides an overview of FHA appraisal requirements and guidance as outlined in FHA's Single Family Housing Policy Handbook 4000.1 and the FHA Appraisal Report and Data Delivery Guide. It discusses topics such as appraiser competency and independence, legal property requirements, neighborhood and market analysis, site analysis including hazards and utilities, and reporting atypical property features such as accessory units. The presentation aims to help appraisers properly understand and apply FHA appraisal policies and standards.
Waller county appraisal district valuation processcutmytaxes
The goals and objectives of this presentation are to provide Property
Owner’s an overview of WCAD’s Appraisal Valuation Process for property in
Waller County.
CoesterVMS - Explaining the appraisal process to your borrowerBrian Coester
As every originator knows one of the most complex parts of the loan process is the appraisal. With the varying turn times, product specific overlays, inspection requirements, investor requirements and a host of other issues it's no surprise this has been a point of conflict within the loan process. On December 21st Certified Residential Real Estate Appraiser and CEO of CoesterVMS Brian Coester will sit down and explain the appraisal process, comparable selection, use of MLS system's, data analytics, FHA inspection requirements and more.
You're not going to want to miss this one hour information and education webinar!
Topics Covered:
Appraisal Process
Inspection Process
FHA Overlays
Investor Requirements
Appraisal Turntimes
Appraisal Fee Increases
Delays
and more!
How to Package a Loan Request for Construction, Rehab, and Commercial LoansBeau Eckstein
The document provides a template for a financing request package that borrowers should submit to SFR Ventures Inc. when requesting a loan. The package should include a cover page with property and contact details, an executive summary with the loan request specifics and exit strategy, a property description, location and market analysis with comparables, financial analysis pro forma, information about the borrower, and appendices with supporting documents. A completed financing request package following this template can help streamline the review process and potentially result in funding within 5-7 business days.
The document provides updates on several topics related to USFR compliance, including:
- Revisions to the USFR Chart of Accounts effective July 1, 2016 including changes to object codes and the addition of new functions.
- Procurement requirements for purchases such as high school textbooks, stipends, facility repairs, and event security.
- Student attendance reporting guidelines for full-time equivalency, alternative instruction options, and transportation eligibility.
- Records management best practices around designating a responsible individual, retention periods, and electronic files.
- Conflict of interest policy requirements including disclosure communications and maintaining a file.
This document discusses communicating with appraisers. It explains that you can talk to an appraiser about a property but cannot influence or change the appraised value. It also outlines the process to become an appraiser and some of the key things appraisers look for, such as location, style, and renovations that appeal to a broad audience. The document provides tips for working with appraisers if the initial value comes in low, such as submitting additional comparable sales data to support reconsidering the value.
Steven Coyne is a highly motivated insurance professional seeking a new opportunity. He has over 30 years of experience in insurance claims adjusting and examination. His most recent role was as a claims examiner at Florida Peninsula Insurance Co. from 2011 to 2015 where he reviewed claims reports and approved compliant claims for payment. Prior to that he held several roles with increasing responsibility in claims adjusting, examination, and management. He has a strong track record of success in the insurance industry and is well qualified for a new role.
- The company reported its first quarter 2014 results, with key highlights including a 42% year-over-year increase in production to 11.9 million barrels of oil equivalent per day and record quarterly EBITDAX of $42.7 million, up 75% from the previous year.
- In the quarter the company drilled 16 horizontal wells and completed 19 wells in its Wolfcamp shale play, with an average initial production of 743 barrels of oil equivalent per day across wells completed.
- The financial position of the company remains strong with $354 million in liquidity as of the end of the quarter and an undrawn borrowing base of $350 million.
Commercial valuation of property is the prime requirement for investments. Real estate values depend on many elements, such as the present cost of the land, taxation on the lad, the depreciation rates, and others. It is essential that a feasibility analysis be conducted first before the land is invested into. Given this context this report basically attempts to do a feasibility analysis for a property using the Estate Master Feasibility analysis tool. A number of inputs are given based on a case scenario for property. The report attempts to evaluate and critically discusses the real world scenario presented by the Estate master for each of these sets of inputs. A feasibility analysis based on commercial valuation methodology is carried out first, followed by a valuation of the site as is. The residual value is calculated here. The report then calculates the project returns based on the residual values using the Estate Master and in the second part of the report, sensitivity and risks analysis are covered.
STUDY OF VALUATION OF RESIDENTIAL PROPERTY – A CASE STUDY OF PUNE CITYIRJET Journal
This document discusses real estate valuation in Pune, India. It provides background on real estate price increases in Pune due to demand and investment. The purpose is to estimate market value for properties being used for bank financing, following standard valuation practices. Key factors considered include property condition, location, comparables, and development regulations. The methodology examines documents, uses the land and building approach to value land and structures separately, and considers neighborhood amenities and market demand. The valuation aims to determine a fair value for the bank to appropriately provide and secure financing.
The FHA Streamlined 203(k) loan program allows borrowers to purchase or refinance a home and finance the costs of repairs/improvements into a single loan. Up to $35,000 in renovations are permitted. Common repairs like roofing, plumbing, and flooring are allowed. Luxury items and major structural work are not. Contractors must be used. The program is an overlay on FHA loans with standard credit and underwriting. A 203(k) appraisal and worksheet are required to determine the maximum loan amount and document costs.
This document summarizes the Philippine Valuation Standards (PVS) published by the Bureau of Local Government Finance in the Philippines. It discusses that the PVS is based on the 2017 International Valuation Standards and was prescribed by a Department Order in 2018. It provides the legal basis for the PVS and notes it has three parts: International Valuation Standards, Philippine context focusing on valuation for taxation, and guidance notes. It also summarizes some of the key concepts and approaches covered in the PVS such as the market data approach, income approach, cost approach, and mass appraisal.
CoesterVMA a nationwide appraisal Management company offers UCDP and UAD Compliance for mortgage lenders. Learn what the portal requires as well as what as a lender need to to do to become compliant with the new legislation.
The document is a valuation report for a residential flat located at FULL ADDRESS in Mumbai. It provides details of the property such as location, building details, unit details, surrounding locality, valuation methodology and comparable market transactions. It values the 596 sqft 2 BHK flat at Rs. 71,57,000 based on a market rate of Rs. 12500 per sqft for the area. It also provides the ready reckoner rate valuation of Rs. 66,00,000 and notes that the forced sale and distress values would be lower than the estimated market value.
1. Products & Services
SingleFamily Residential Appraisal - URAR1004
$450
This report is completed on the URAR form 1004 and provides the benefit of a full interior and exterior
inspection of the subject property. This report is used to estimate the market value of the subject property
as defined in Uniform Standard of Professional Appraisal Practice (USPAP), and is completed in compliance
with LCI Appraisal Services and Lender guidelines.
The product includes the following attachments
§ Completed URAR form
§ Subject property photos including front, rear, street scene, and any amenities
substantially affecting marketability and/or value
§ comparable sales photographs
§ flood map if property is located in a flood prone area
§ a floor plan sketch with exterior dimensions and gross living area calculations
§ location map showing accurate locations of the subject and all sales utilized in the
report and appropriate certifications and limiting conditions
SingleFamily Residential Appraisal, Non-Owner Occupied – 1004 $450
This report is similar in all respects to the standard Single Family Residential Appraisal with the following
additions
§ A completed Single Family Rent Schedule (form 1007)
§ Operating income Statement (form 216)
2. FHA SingleFamily ResidentialAppraisal - URAR1004 $475
This report is completed on the URAR, FNMA form 1004, and provides the benefit of a full interior and
exterior inspection of the subject property. This report is used to estimate the market value of the subject
property as defined in the Uniform Standard of Professional Appraisal Practice (USPAP), and is completed
in compliance with LCI Appraisal Services guidelines, Lender guidelines, and additional guidelines set forth
by the Federal Housing Administration. Each FHA appraisal report must include a unique FHA case number
in the upper right hand corner of each page that is assigned by the lender and obtained through the FHA
Connection website.
The product includes the following attachments
§ Completed URAR form
§ Subject property photos including front, rear, street scene, and any amenities
substantially affecting health and safety, marketability and/or value
§ Comparable sales photographs
§ Flood map (if property is located in a flood prone area)
§ Floor plan sketch with exterior dimensions and gross living area calculations
§ Location map showing accurate locations of the subject and all sales utilized in the
report
§ Appropriate certifications and limiting conditions
Additionally, the FHA mandates that the appraiser pay specific attention to certain
property conditions that they feel are potentially hazardous to the health and/or safety
of the occupants. Within the body of the report, or in the narrative addendum, the
appraiser will describe any readily observable property condition that can be construed
as a health/safety hazard, per FHA's guidelines. If the property is found to have
potential health and safety issues, an FHA report may be completed "subject to"
correction of the issue (if it's an obvious hazard), or "as is" with a complete description
of the noted issue, leaving it up to the lender's (DE Underwriter) discretion to determine
if further action is required.
TwotoFour Unit Residential - URAR1025 $600-$750
Appraisals of two-to-four unit residential properties are reported utilizing the Small Residential Income
Property Appraisal Report.
The product includes the following attachments
§ Analysis of competitive listings
§ Cost approach
§ Analysis of competitive rents
§ Sales comparison analysis
§ Completed operating income statement
§ Subject property photos including front, rear, street scene
§ Comparable rentals and comparable sales photographs
§ Floor plan sketch with exterior dimensions and gross living area calculations for each
unit
§ Location map detailing the locations of the subject and all rentals, listings and sales
utilized in the report .Appropriate certifications and limiting conditions
3. Condominium Appraisal - URAR1073 $450
Condominium appraisals are reported on the Individual Condominium Unit Appraisal Report and comply
with USPAP, LCI Appraisal Services, and customer guidelines. Effective January 1, 2006, condominium
appraisals completed for FHA loans will also be reported on Form 1073. A full interior and exterior
inspection of the subject unit is made and a concise analysis of the project and market are provided.
Attachments comparable to those included with the single-family residential report are also included in the
condominium report. Non-owner-occupied unit appraisals include a completed rent schedule and operating
income statement.
Real EstateOwned – REO $450
Appraisals for foreclosure and real estate-owned (REO) purposes are reported on the same group of forms
as previously noted, typically the 1004 form for single family residential properties, the 1073 form for
condominiums, and the 1025 form for two-to-four unit properties. REO reports generally have multiple
objectives. These include: To determine estimates of market value based on the present condition of the
subject improvements, frequently under normal and restricted marketing times. Marketing time
assumptions will be clearly defined in the limiting conditions incorporated into the final report and may not
match the standard definition of market value included in USPAP and the statement of limiting condition.
To develop and report a detailed list of those repairs, and their respective costs, necessary to bring the
subject improvements into an overall condition that will optimize marketability and value. To determine
estimates of value based on the assumption of cmpletion of the recommended repairs to the
improvements as described in the repair list. These estimates of market value may also be based on
normal market conditions existing as of the effective date of appraisal, as well as a value estimate made
under a restricted marketing period, as defined in the final report.
Standard REO appraisals include the following attachments
§ Photographs of the interior and exterior subject improvements
§ Photographs detailing areas of special concern with the subject improvements,
standard front, rear, and street scene photographs of the subject property
§ Photographs of all sales utilized within the report
§ Floor plan sketch with exterior dimensions and gross living area calculations
§ Itemized list of recommended repairs, with estimated costs to complete each item
§ Map detailing the location of the subject and all sales utilized in the report
§ Appropriate certifications and limiting conditions
Rental Survey – 1007 $100
Used on investment properties to provide an estimate of market rents for the subject property.
Operating Income Statement – 216 $100
Used on 1-4 income investment properties and 2-4 family owner-occupied properties. Applicant provides
income and expense projections to be used in determining income approach to value.
4. Appraisal Update - 1004D $150
This is a combination form and replaces the Appraisal Update and the Completion Certificate. If used as an
Appraisal Update, the appraiser must:
§ Concur with the original appraisal
§ 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 subject
§ If used as a Certification of Completion: The appraiser must make a statement that
improvements have been completed in accordance with the requirements and
conditions stated in the original appraisal report. (Or, if not, impact on market value
must be stated.) Required exhibits include: Front and street scene photos