Type 1: AVMs (Automated Valuation Models)
This is a non traditional, limited scope approach to a final opinion of value, which has proven to be good value and alternative to traditional valuations. There is no actual physical inspection of the subject property, and is done by reviewing recent sales from a vast resource of current sales data. Perfect for low liability loans, including "HELOCS, 2nds, REO's or Quality Control.
The RESTRICTED APPRAISAL REPORT
This report also known as the Incredible $75.00 appraisal report, comes complete with information of the subject property, with three comparable sales, in traditional grid form. This is also a one page report, with no actual physical inspection of the subject property. This is a favorite of our clients, who like its somewhat familiar grid form, complete with adjustments, if any. This is also perfect for low liability loans. May be completed within 24 hours and can be delivered, via email and / or fax, within 24 hours. VIEW SAMPLE
Limited Drive-by Appraisal 2055 Form (Interior / Exterior)
The drive-by appraisal is a fast and efficient way to quickly arrive at opinions of value. These limited forms, are quickly becoming a mainstay, within the lending industry. Both of these method types include exterior and/or exterior inspections of the subject property. Great alternatives for HELOCS, 2nds, REO, Quality Control Purposes and any other general purpose.
Standard Full Appraisal or URAR Form 1004, Condo 1073 Form, and 2-4 Unit Small Income Properties
Local Licensed and/or Certified appraiser will perform these more in depth appraisals, as accurately and expedient as possible. All appraisers are selected on a quality professional service basis, to provide your client with the best.
