What is Form 1004 also known as?

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.

What is a 70H appraisal?

Freddie Mac 70H. An appraisal assignment consisting of a desktop appraisal for which the scope of work includes reviewing a recent interior/exterior property data report.

What is Form 70 for an 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 Freddie Mac Form 70?

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 an appraisal 70D?

Form 70D must be used when completing a desktop appraisal. This report is similar in format to Form 70, but when using Form 70D, the appraiser must provide a floor plan in addition to a building sketch. Related Guide Bulletins. Issue Date. Bulletin 2022-2.

What is a 704 fhlmc form?

Report form FHLMC 704 is utilized to convey a limited appraisal based on (usually) one approach to value the sales comparison. This report is used by appraisers to report the estimate of value for the subject property based on an interior or exterior inspection.

Is Form 70 the same as 1004?

Fannie Mae Form 1004: Uniform Residential Appraisal Report. Also known as the Freddie Mac Form 70. This is the 'standard' appraisal form that is sometimes known as a 'full appraisal. ' This version is the revised (March 2005) version and requires an interior and exterior inspection of the subject property.

What is 1004 desktop 70D?

Just as it sounds, a 1004 desktop (also known as a 70D form) is a property valuation conducted remotely, at an appraiser's desk, using data sources like public records, mined data, tax records and information included on the multiple listing service (MLS).

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Case No. File No. Borrower. Census Tract. Map Reference. Property Address. * PROPERTY RIGHTS APPRAISED MUST BE FEE SIMPLE FOR THIS FORM. City .

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