Get Disaster Inspection Form

Desktop Underwriter's enhanced risk assessment capability enables the use of the Desktop Underwriter® Property Inspection Report (Form 2075), which requires an exterior-only inspection of the subject property from the street by a state-licensed or state-certified appraiser without an estimate of market value for the ...

Ineligible Properties vacant land or land development properties; properties that are not readily accessible by roads that meet local standards; agricultural properties, such as farms or ranches; units in condo or co-op hotels (see B4-2.1-03, Ineligible Projects, for additional information;

Unlike a typical home inspection, which provides information on the condition of the property as a whole, a post-disaster inspection focuses primarily on property damage caused by a specific event. This can include damage to the inside and outside of the home.

Key characteristics include independent ingress/egress, functional utility (living, sleeping, cooking, and bathroom facilities), kitchen requirements (must contain cabinets, a countertop, a sink with running water, and a stove or stove hookup; hotplates, microwaves, or toaster ovens are not acceptable stove substitutes ...

Catastrophic Disaster Area Property Inspection Report (CDAIR)

2075 Exterior – This is a property inspection report that identifies if the subject conforms to the neighborhood, notes any physical inadequacies, reveals any adverse physical conditions, or if the subject property does not conform to the neighborhood. An exterior-only inspection of the subject is completed.

Keep in mind that Form 1004C is used for appraising single-family manufactured housing, while Form 1073 is used for condominium units. On the other hand, Form 1025 is for small multi-family investment properties.

Reconsideration of Value is the term used by the residential appraisal industry for the process by which a party involved in a lending transaction - most often a prospective borrower - who disagrees with an appraiser's opinion of value may submit information for the appraiser to consider.

The servicer must order a property inspection on or after the 90th day of delinquency and complete the property inspection no later than the 120th day of delinquency for all delinquent mortgage loans and continue inspecting every calendar month as long as the mortgage loan remains 90 or more days delinquent until the ...

Minor conditions and deferred maintenance items include, but are not limited to, worn floor finishes or carpet, minor plumbing leaks, holes in window screens, missing handrails, or cracked window glass and are typically due to normal wear and tear.

Form 2075 is not an appraisal report. When Desktop Underwriter recommends Form 2075, it has judged the reasonableness of the sales price as adequate collateral for the mortgage loan. Therefore, a property appraisal is not required for the specific transaction.

Required Exhibits A street map that shows the location of the subject property and of all comparables that the appraiser used; An exterior building sketch of the improvements that indicates the dimensions. The appraiser must also include calculations to show how he or she arrived at the estimate for gross living area.

Desktop Underwriter's enhanced risk assessment capability enables the use of the Desktop Underwriter® Property Inspection Report (Form 2075), which requires an exterior-only inspection of the subject property from the street by a state-licensed or state-certified appraiser without an estimate of market value for the ...

Ineligible Properties vacant land or land development properties; properties that are not readily accessible by roads that meet local standards; agricultural properties, such as farms or ranches; units in condo or co-op hotels (see B4-2.1-03, Ineligible Projects, for additional information;

Unlike a typical home inspection, which provides information on the condition of the property as a whole, a post-disaster inspection focuses primarily on property damage caused by a specific event. This can include damage to the inside and outside of the home.

Key characteristics include independent ingress/egress, functional utility (living, sleeping, cooking, and bathroom facilities), kitchen requirements (must contain cabinets, a countertop, a sink with running water, and a stove or stove hookup; hotplates, microwaves, or toaster ovens are not acceptable stove substitutes ...

Catastrophic Disaster Area Property Inspection Report (CDAIR)

2075 Exterior – This is a property inspection report that identifies if the subject conforms to the neighborhood, notes any physical inadequacies, reveals any adverse physical conditions, or if the subject property does not conform to the neighborhood. An exterior-only inspection of the subject is completed.

Keep in mind that Form 1004C is used for appraising single-family manufactured housing, while Form 1073 is used for condominium units. On the other hand, Form 1025 is for small multi-family investment properties.

Reconsideration of Value is the term used by the residential appraisal industry for the process by which a party involved in a lending transaction - most often a prospective borrower - who disagrees with an appraiser's opinion of value may submit information for the appraiser to consider.

The servicer must order a property inspection on or after the 90th day of delinquency and complete the property inspection no later than the 120th day of delinquency for all delinquent mortgage loans and continue inspecting every calendar month as long as the mortgage loan remains 90 or more days delinquent until the ...

Minor conditions and deferred maintenance items include, but are not limited to, worn floor finishes or carpet, minor plumbing leaks, holes in window screens, missing handrails, or cracked window glass and are typically due to normal wear and tear.

Form 2075 is not an appraisal report. When Desktop Underwriter recommends Form 2075, it has judged the reasonableness of the sales price as adequate collateral for the mortgage loan. Therefore, a property appraisal is not required for the specific transaction.

Required Exhibits A street map that shows the location of the subject property and of all comparables that the appraiser used; An exterior building sketch of the improvements that indicates the dimensions. The appraiser must also include calculations to show how he or she arrived at the estimate for gross living area.