1. An act or instance of appraising; especially, a valuation of a property by the estimate of an authorized person.
  2. National coverage of all 50 states with over 10,000 independent local appraisers.
  3. Complete property inspection, interior, exterior, drive-by or review.

Types of Appraisals Available

Complete Property Observation
Full 2-page FNMA appraisal with value of subject provided. Uniform Residential Appraisal Report (URAR), floor sketch, photos of subject and comparables. Complete property inspections include:

Form 1004 -
Single-family dwelling. (FHA appraisal available)
Form 1073 -
Condominium or PUD. (FHA appraisal available)
Form 1025 -
Multi-family (2-to-4 families) dwelling. (FHA appraisal available)

Limited property Observation
Interior, exterior, drive-by or desktop. Unless otherwise noted, value of subject is provided.

Form 2055 -
Interior & exterior.
Form 2055 -
Exterior. No interior inspection conducted.
Form 2065 -
Interior & exterior. Similar to Limited Walk-in 2055 but market approach differs.
Form 2065 -
Exterior. Similar to Drive-by 2055 but market approach differs.
Form 2070 -
Interior & exterior. Also known as Condition & Marketability Report. No value provided.
Form 2070 -
Exterior. No value provided.
Form 2075 -
Exterior. Also known as Desktop Underwriter Property Inspection Report. No value provided.

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Minneapolis, MN 55401-2499
(612) 371-1111
(612) 371-1191 FAX
(800) 328-4441
www.OldRepublicTitle.com

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