Services

Anzaldo Real Esate Appraising (AREA)

We offer valuation services in CA. Most of our work is for the purpose of REO Foreclosures, Loss Mitigation, FHA and Mortgage Fincance. Below is a list of forms and definitions to help you choose the right appraisal for your needs.

Form 1004 - Uniform Residential Appraisal Report. This is the standard appraisal form that is sometimes known as a full appraisal. This appraisal requires an interior and exterior inspection of the subject property. This is one of the most popular form reports available.

Form 2055 - Exterior-Only Inspection Residential Appraisal Report. This is a drive by appraisal that only requires an exterior inspection.

Form 1025 - Small Residential Income Property Appraisal Report. This appraisal is used with multi-family properties. It is a very detailed appraisal report that provides information on comparable rental properties, cost, sales, and income approaches to value. It is used for 2-4 family properties.

Form 1073 - Individual Condominium Unit Appraisal Report. This is the standard form used for condominiums.

Form GPAR - General Purpose Appraisal Report - This appraisal form is used for a private appraisal that is not for mortgage finance purposes. Generally used for divorce, trust or pre-listing a home.

Form 1004D - Appraisal Update and/or Completion Report. This is also know as Form 442. This form can be used in two different ways. This form is used as a certification of completion based upon a prior appraisal that was developed subject-to some sort of condition(s).

Form CIR - FHA Compliance Inspection Report. This form is used as a compliance inspection appraisal once all conditions in orginal FHA appraisal report have been met.

Form 216 - Operating Income Statement. This appraisal form is used for tenant occupied residences.

Form 1007 - Rental Survery. This appraisal form is used for tenant occupied residences.

Form REO Add - Real Estate Owned Addendum - This appraisal addendum is used for REO properties.

For more information or to speak with a representative call (888) 661-AREA (2732).

 

 

 

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