What is Form 1007 on an appraisal?

What is Form 1007 on an appraisal?

The form is prepared by the appraiser as an attachment to the appraisal for a single-family investment property. The form is designed to present the information needed to determine the market rent for a single-family property. It calls for information on the physical structure, location, and lease terms.

What type of appraisal includes a 1007 comparable rent schedule?

Single Family Rent Schedule (Form 1007) The single family rent schedule is used to estimate market rent by the appraiser. Typically the appraiser analyzes three rental properties that share or bracket significant rental characteristics with the subject property.

What is the difference between 1007 and 216?

Fannie Mae Form 1007 is used to provide an estimated market rent for the subject. Fannie Mae Form 216 is used to estimate the operating income associated with income-producing property.

What is Form 216 used for?

Form 216 – Application for Foreign-Trade Zone Activity Permit.

What is Form 216 on an appraisal?

The Operating Income Statement Report Form 216 is used on 1-4 income investment properties and 2-4 family owner-occupied properties.

What is Freddie Mac Form 1000?

What is a Form 216 appraisal?

What is a 1025 appraisal form?

This report form is designed to report an appraisal of a two- to four-unit property, including a two- to four-unit property in a planned unit development (PUD).

What do you need to know about a 1007 appraisal?

In this manner, what is a 1007 appraisal form? The Single Family Comparable Rent Schedule Form 1007 is intended to provide an appraiser with a familiar format to estimate the market rent of a property. Adjustments should be made only for those items of significant difference between the comparables and the subject property.

What do you need to know about a 1073 appraisal?

What is a 1073 appraisal? An Individual Condominium Unit Appraisal Report (ICUAR) is for appraisals of one-unit properties in condo projects based on interior and exterior property inspections. Also known as Fannie Mae Form 1073, appraisals reported on this form must be completed in accordance with the UAD Specification.

What does the 2075 appraisal form ask for?

What is a 2075 appraisal? The 2075 form is an inspection report which asks for some general data about the subject and the neighborhood market. There are no comps and no appraised value.

What kind of appraisal is required on Form 1004?

Appraisals reported on Form 1004 must be completed in accordance with the UAD Specification. For appraisals of one-unit manufactured homes (including manufactured homes in a PUD, condo, or co-op project, and MH Advantage properties) based on interior and exterior property inspections.