Also known as the Freddie Mac form 70B. This report form is designed to report an appraisal of a one-unit manufactured home; including a manufactured home in a planned unit development (PUD). A Manufactured home located in either a condominium or a cooperative project requires the appraiser to inspect the project and complete the project information section of the Individual Condominium Unit Appraisal Report or the Individual Cooperative Interest Appraisal Report and attach it as an addendum to this report. This reporting format requires the appraiser see both the inside and outside of the subject property.

Also known as the Freddie Mac form 442. This report form is designed to provide the lender/client with an accurate update of an appraisal and/or to report a certification of completion. The primary purpose of the “update” portion of this report is to determine if the property has declined in value since the date of the original appraisal for a mortgage finance transaction. This reporting format requires the appraiser see both the inside and outside of the subject property.

Also known as the Freddie Mac form 72. 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). A two- to four-unit property located in either a condominium or a cooperative project requires the appraiser to inspect the project and complete the project information section of the Individual Condominium Unit Appraisal Report or the Individual Cooperative Interest Appraisal Report and attach it as an addendum to this report.

This is a very detailed reporting format including income analysis, rental comparables as well as sales comparables. This reporting format requires the appraiser see both the inside and outside of the subject property.

Also known as the Freddie Mac form 465. This report form is designed to report an appraisal of a unit in a condominium project, or a condominium unit in a planned unit development (PUD). This form is not designed to report an appraisal of a manufactured home or a unit in a condominium or cooperative project. This reporting format requires the appraiser see both the inside and outside of the subject property.

This report form is designed to report an appraisal of the cooperative interest (the cooperative shares or other evidence of an ownership interest in the cooperative corporation and the accompanying occupancy rights) in a cooperative, or a cooperative interest in a planned unit development (PUD). This form is not designed to report an appraisal of a manufactured home or a unit in a condominium project. This reporting format requires the appraiser see both the inside and outside of the subject property.

Also known as the Freddie Mac form 2055. Among experienced appraisal users, this report type is commonly known as the “drive-by” report. As implied by the name, this report format does not require the appraiser view the interior of the subject property.

The appraiser views the property from the public right of way. Information regarding the size, quality and condition of the subject property is extracted from as many public and private data sources as possible. Due to the reduced level of observation by the appraiser, this report type can be less accurate than other report types, which require a full inspection by the appraiser.

This report format is often used by lenders who are less concerned about the quality of the collateral for a loan. This generally applies to borrowers with exceptional credit. Other times, it is used when access to the property is problematic, as in the event of pre-foreclosure appraisal or a post-closing, quality control audit. Only very knowledgeable appraisal users should utilize this report format. Even then, they should understand the increased risk associated with a reduced appraisal format. Similar to the Fannie Mae 1004, this report form is designed to report an appraisal of a one-unit property, or a one-unit property with an accessory unit. This form is not designed to report an appraisal of a manufactured home or a unit in a condominium or cooperative project.

Also known as the Freddie Mac form 466. Among experienced appraisal users, this report type is commonly known as the “drive-by condo” report. As implied by the name, this report format does not require the appraiser view the interior of the subject property.

The appraiser views the property from the public right of way. Information regarding the size, quality and condition of the subject property is extracted from as many public and private data sources as possible. Due to the reduced level of observation by the appraiser, this report type can be less accurate than other report types, which require a full inspection by the appraiser.

This report format is often used by lenders who are less concerned about the quality of the collateral for a loan. This generally applies to borrowers with exceptional credit. Other times, it is used when access to the property is problematic, as in the event of pre-foreclosure appraisal or a post-closing, quality control audit. Only very knowledgeable appraisal users should utilize this report format. Even then, they should understand the increased risk associated with a reduced appraisal format.

Similar to the Fannie Mae 1073, this report form is designed to report an appraisal of a unit in a condominium project, or a condominium unit in a planned unit development (PUD). This form is not designed to report an appraisal of a manufactured home or a unit in a condominium or cooperative project.

Among experienced appraisal users, this report type is commonly known as the “drive-by coop” report. As implied by the name, this report format does not require the appraiser view the interior of the subject property.

The appraiser views the property from the public right of way. Information regarding the size, quality and condition of the subject property is extracted from as many public and private data sources as possible. Due to the reduced level of observation by the appraiser, this report type can be less accurate than other report types, which require a full inspection by the appraiser.

This report format is often used by lenders who are less concerned about the quality of the collateral for a loan. This generally applies to borrowers with exceptional credit. Other times, it is used when access to the property is problematic, as in the event of pre-foreclosure appraisal or a post-closing, quality control audit. Only very knowledgeable appraisal users should utilize this report format. Even then, they should understand the increased risk associated with a reduced appraisal format.

Similar to the Fannie Mae 2090, this report form is designed to report an appraisal of the cooperative interest (the cooperative shares or other evidence of an ownership interest in the cooperative corporation and the accompanying occupancy rights) in a cooperative, or a cooperative interest in a planned unit development (PUD). This form is not designed to report an appraisal of a manufactured home or a unit in a condominium project.

This report is technically not an appraisal, as there is no value conclusion. The appraiser views the subject property from the public right of way. He or she then reports on whether the subject property appears to be well maintained and is typical of the neighborhood. The appraiser does not research comparable sales and a conclusion of market value is not a function of this report type. This report format is often used by lenders who are less concerned about the quality of the collateral for a loan. This generally applies to borrowers with exceptional credit.

Also known as the Freddie Mac form 1032. The purpose of this report format is to provide the lender/client with an opinion on the accuracy of the appraisal report under review. The review appraiser views the subject property and the comparable sales from the public right of way. Information regarding the size, quality and condition of the subject property is taken from the appraisal being reviewed and confirmed with as many public and private data sources as possible. The reviewer then provides an opinion on the credibility of the original appraisal report.

Also known as the Freddie Mac form 1072. This report provides the same function as the report above for multi unit dwellings. The purpose of this report format is to provide the lender/client with an opinion on the accuracy of the appraisal report under review.

The review appraiser views the subject property and the comparable sales from the public right of way. Information regarding the size, quality and condition of the subject property is taken from the appraisal being reviewed and confirmed with as many public and private data sources as possible. The reviewer then provides an opinion on the credibility of the original appraisal report.