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Exterior-Only Inspection Residential Appraisal Report (FHLMC 2055/FNMA 2055)

Your Appraisal Form for One-Unit Properties Based on Exterior-Only Inspections

The Exterior-Only Inspection Residential Appraisal Report (FHLMC 2055/FNMA 2055) is used for appraisals of one-unit properties and units in PUDs based on exterior-only property inspections. Appraisals reported on this form must be completed in accordance with the UAD Specification. This report form is not designed to report an appraisal of a manufactured home or a unit in a condominium or cooperative project.

Common sections featured on an Exterior-Only Inspection Residential Appraisal Report include:

  • Basic information including address, legal description, owner’s and/or borrower’s names
  • Information on the contract for sale
  • Information pertaining to the neighborhood, such as location, growth trends and characteristics.
  • Analysis of comparison to recent sales of similar properties

 

An Exterior-Only Inspection Residential Appraisal Report allows an appraiser to document observations based off of the following actions:

  • An exterior inspection of the subject property
  • A street map that shows the location of the subject property and of all comparables used
  • Clear, descriptive photographs of the subject property and of the comparable sales used
  • Any other data necessary to provide an adequately supported opinion of market value

 

The Pro Teck Difference

Pro Teck prides itself on producing the most accurate and timely appraisals possible by:

  • Using Intelligent Quality Control, our pro-active quality control process that leads to more one-touch appraisals
  • Organizing customer service around you, with a single point of contact – no more being transferred from person to person
  • Being singularly focused on residential real estate valuation and your success

Pro Teck offers a Small Residential Income Property Appraisal as part of its suite of residential appraisal products. To learn more about Pro Teck’s appraisal management services, contact us today.

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