FNMA 2055 - Short Form Appraisal

We also offer a high quality, lower cost, "short form" alternative to the Full Appraisal. Desktop Underwriter Quantitative Analysis Appraisal Report (FNMA 2055) It has been widely accepted for use where the more lengthy FNMA 1004 Report is not necessary. It can be used for tax grievance, uncontested matrimonial, estate or financial planning, or to establish fair market value for sellers or purchasers. It is available for use on one to four family dwellings and condominium individual units.

The appraiser's description of the physical characteristics of the property will be obtained from reliable data sources and either an interior and exterior inspection or drive-by exterior inspection (when interior access is not possible or desired).Our "short form Residential Appraisal Report" typically consists of a letter of transmittal; brief market area analysis; brief description of the site; brief description of the improvements; direct sales comparison approach using recent comparable sales on a comparison grid; reconciliation; definition of market value; certification; contingent & limiting conditions; exterior photos of the subject property; exterior photos of all comparable sales used; comparable sales location map; plat map; and qualifications of the appraiser and reviewer.

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