APPRAISAL PRODUCTS

 We offer all residential appraisal products ( reports ), this includes vacant land and multi-family properties. M A Brook & Company, LLC offers many other services.  All of our valuation products come with a guarantee of integrity, honesty & fairness. All appraisals are performed in strict compliance to USPAP, FNMA, FRMA, NAMA, NARAS. Appraisal types are listed below.

URAR Uniform Residential Report ( FNMA 1004 )

 Interior / exterior review of the property. Photos of the front, back & street. Sketch showing room layout & functional utility Comparable data from a local source such as MLS or Realtors. Photos of all comparables used in report. If the SFR is a rental, we provide the appropriate forms ( upon request ) 216 &1007

FHA - VA / URAR

 Same as above but with all HUD / FHA and VA additional guidelines & documents Inspection of all items listed in the HUD manual ( We are not Home Inspectors )

If compliance items are required we perform a Compliance Inspection to see that all repairs are completed

LIMITED ( FNMA 2055  )

 Drive-bys are limited scope appraisal reports which are either with an interior inspection or an exterior inspection.

Exterior:

Photos of the front & street

3 comparable properties without photos

location map showing proximity

LIMITED ( FNMA 2075 )

 This is a Desktop Underwriter Property Inspection Report ( not an appraisal report ) Exterior inspection from curbside

Photo from street

No value or appraisal given

MULTI-FAMILY ( FNMA 1025 )

 This type of report is offered for 2 – 4 family income producing properties

Interior inspection

Sketch showing unit & room layout

Photos of the front, rear & street

3 comparable sales

3 comparable listings

3 rent comparables

Photos of the comparable sales

Location map showing proximity

Profit & loss statement with data provided by client or owner

Rent comparable schedule

VACANT LAND ( FNMA 1055 )

 This reports just the land or site. It is used for proposed construction, manufactured housing loans, purchase of vacant land, etc..

Photos of front, rear & street

3 comparable sales

Plat or survey map

Location map showing proximity

REVIEWS ( FNMA 2006 & FNMA 2000 )

 There are two types of appraisal reviews:

The desk review ( 2006 ), which is performed in the office ( at the desk ) and is a review of the data & basic fundamentals used in the report as well as verifying the sales data and compliance with USPAP & FNMA guidelines.

 The field review ( 2000 ), which is the same as the desk with the addition of performing a visual inspection of the subject & all comparables used in the report. Photos are attached to a field review along with any discrepancies about the subject or comparables