Appraisal Logistic Solutions offers a complete line of appraisal Products. All appraisal orders are handled in full compliance with FHCMC/FNMA, FIRREA, FHA and federal regulatory guidelines. With our nationwide network of licensed and certified appraisers, clients can be certain that they will be receiving timely and accurate appraisals. Our current list or products may be tailored at any time to suit your individual needs.
Traditional Appraisals
FHMA 1004/FHLMC 70-Single Family Residential (Owner Occupied Properties)
Appraisal report of a single family home (or PUD unit), requiring and interior and exterior inspection of the property, as well as visual observation from the street of all comparables utilized. Photographs include, but are not limited to, front, rear, and street views of the subject property, as well as front photographs of all comparables. A location map showing the position of the subject and comparables is included, as well as a floor plan sketch with exterior dimensions and gross living area calculations.
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FHMA 1004/FHLMC 70 –Single Family Residential (Non-Owner Occupied Properties)
This report is similar to the standard Single Family Residential Appraisal with the inclusion of a Single Family Comparable Rent Schedule (FNMA 1007/FHLMC 1000) and an Operating Income Statement (FHMA216/FHLMC 998).
FHMA 1004/FHLMC 70 –Single Family Residential (FHA)
This report is utilized for FHA secured financing, and is similar to the standard Single Family Residential Appraisal. Appraisal must meet specific FHA guidelines, and be completed by an FHA approved appraiser.
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FHMA 1073/FHLMC 465- Individual Condominium Unit (Owner Occupied Properties)
Appraisal report of a condominium unit requiring and interior and exterior inspection of the unit, as well as visual observation from the street of all comparables utilized. Photographs include, but are not limited to, front, rear, and street views of the subject, as well as front photographs of all comparables. A location map showing the position of the subject and comparables is included, as well as an interior floor plan sketch.
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FHMA 1073/FHLMC 465- Individual Condominium Unit (Non-Owner Occupied Properties)
This report is similar to the standard Individual Condominium Appraisal with the inclusion of a Single Family Comparable Rent Schedule (FNMA 1007/FHLMC 1000) and an Operating Income Statement (FHMA216/FHLMC 998).
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FHMA 1073/FHLMC 465- Individual Condominium Unit (FHA)
This report is utilized for FHA secured financing, and is similar to the standard Individual Condominium Unit Appraisal. Appraisal must meet specific FHA guidelines, and be completed by an FHA approved appraiser.
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FNMA 1025/FHLMC 72- Small Residential Income Property Report
Appraisal report of a 2-4 unit residential property requiring an exterior inspection of the property, as well as interior inspections of all units in the subject property. Exterior inspection from the street of all comparables utilized is also required. Photographs include, but are not limited to, front, rear, and street views of the subject, as well as front photographs of all comparables. A location map showing the position of the subject and comparables is included, as well as interior floor plan sketches for each unit. Report also contains an Operating Income Statement (FNMA 216/FHLMC 72).
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FNMA 1025/FHLMC 72- Small Residential Income Property Report (FHA)
This report is utilized for FHA secured financing, and is similar to the standard Residential Income Property Report. Appraisal must meet specific FHA guidelines, and be completed by an FHA approved appraiser.
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FHMA 2090- Individual Cooperative Interest Appraisal Report
Appraisal report of a cooperative unit requiring and interior and exterior inspection of the units, as well as visual observation from the street of all comparables utilized. Report also includes the number of shares attributable to the subject unit, monthly maintenance fees, total number of shares outstanding for the project and blanket financing information. Photographs include, but are not limited to, front, rear, and street views of the subject, as well as front photographs of all comparables. A location map showing the position of the subject and comparables is included, as well as an interior floor plan sketch.
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FNMA 1004C/ FHLMC 70B- Manufactured Home Appraisal
Appraisal report of a manufactured home (any dwelling unit built on a permanent chassis, and attached to a permanent foundation) requiring and interior and exterior inspection of the property, as well as visual observation from the street of all comparables utilized. Photographs include, but are not limited to, front, rear, and street views of the subject property, as well as front photographs of all comparables. A location map showing the position of the subject and comparables is included, as well as a floor plan sketch with exterior dimensions and gross living area calculations.
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FNMA 1004C/ FHLMC 70B- Manufactured Home Appraisal (FHA)
This report is utilized for FHA secured financing, and is similar to the standard Manufactured Home Appraisal. Appraisal must meet specific FHA guidelines, and be completed by an FHA approved appraiser
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FNMA 2055/ FHLMC 2055- Exterior-Only Inspection Residential Appraisal Report
Limited scope appraisal report of a single family home (or PUD unit) which requires an exterior only inspection of the property, as well as visual observation from the street of all comparables utilized. Photographs include, but are not limited to, front and street views of the subject property, as well as front photographs of all comparables. A location map showing the position of the subject and comparables is included. This form is not to be used with a manufactured home, condominium or cooperative.
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FNMA 1075/FHLMC 466- Exterior-Only Inspection Individual Condominium Unit Appraisal Report
Limited scope appraisal report of a condominium unit which requires an exterior only inspection of the property, as well as visual observation from the street of all comparables utilized. Photographs include, but are not limited to, front and street views of the subject property, as well as front photographs of all comparables. A location map showing the position of the subject and comparables is included.
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FNMA 2095- Exterior-Only Inspection Individual Cooperative Interest Appraisal Report
Limited scope appraisal report of a condominium unit which requires an exterior only inspection of the property, as well as visual observation from the street of all comparables utilized. Report also includes the number of shares attributable to the subject unit, monthly maintenance fees, total number of shares outstanding for the project and blanket financing information. Photographs include, but are not limited to, front and street views of the subject property, as well as front photographs of all comparables. A location map showing the position of the subject and comparables is included.
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FNMA 2075-Desktop Underwriter Property Inspection
Exterior only property report which reports on current market condition, as well as the observed condition of the subject. Report includes photographs of the front, and street views of the subject, and a location map showing the position of the subject. No estimate of value is provided.
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FNMA 1004D/FHMLC 442 Appraisal Update and /or Completion
Combination form which report is utilized as an appraisal update and/or a completion certificate. If being used as an appraisal update the appraiser must:
· Concur with the original appraisal.
· Analyze market conditions to determine if the subject has declined in value since the effective date of the original appraisal.
· Perform an exterior inspection of the subject from the street
· Include photographs of the front and street views of the subject.
If being used as a completion certificate:
· Report must state that improvements have been completed in accordance with requirements and conditions stated in the original appraisal report. If the improvements have not been completed, the impact on market value must be stated.
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FNMA 216/FHMLC 998- Operating Income Statement
Report used for single family and 2-4 unit (including owner occupied units) residential investment properties. Form provides the costs associated with operating an income producing property.
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FNMA 1007/FHMLC 1000- Single Family Comparable Rent
Report used to determine the market rent for a single family property.
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LAND APPRAISAL
Comprehensive appraisal of vacant parcel of land which includes a site inspection.
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Review Appraisals
FNMA 2000/FHMLC 1032-One Unit Residential Field Review Report
Appraisal field review report is used to review a one unit property. Property under review may include a single family home, manufactured home, condominium, or cooperative. Report is intended to provide the lender/client with an opinion on the accuracy of the appraisal report under review. Review appraiser must state whether comparables utilized were the most similar to the subject, and if not, state why they should not have been used. In addition, review appraiser is required to determine whether or not the estimate of the market value for the subject property was reasonable as of the effective date of the appraisal. If he does not believe the original estimate of value is reasonable, he must complete section II, and support a new value conclusion. Report requires review of original appraisal, and exterior inspection from the street of the subject, and comparables utilized. Photographs include front and street views of the subject, and front views of all comparables utilized. A location map showing the position of the subject, and comparables is included.
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FNMA 2000A/FHMLC 1072- Two-to-Four Unit Residential Appraisal Report
Appraisal field review report is used to review a 2-4 unit property. Report is intended to provide the lender/client with an opinion on the accuracy of the appraisal report under review. Review appraiser must state whether comparables utilized were the most similar to the subject, and if not, state why they should not have been used. In addition, review appraiser is required to determine whether or not the estimate of the market value for the subject property was reasonable as of the effective date of the appraisal. If he does not believe the original estimate of value is reasonable, he must complete section II, and support a new value conclusion. Report requires review of original appraisal, and exterior inspection from the street of the subject, and comparables utilized. Photographs include front and street views of the subject, and front views of all comparables utilized. A location map showing the position of the subject, and comparables is included.
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