additional information
138) Additional Comments
10/28/07
Dear Henry:
What type of information typically goes on page 3 of the URAR, the vast section above the cost approach?
patrick mc atee mcatee@mtco.com
Dear Patrick,
This section of the URAR is called "Additional Comments" and is intended to be used for any additional comments about the appraisal or the property you are appraising that you think would be helpful to someone reading the appraisal. There is nothing that requires you to use the space.
H2
What type of information typically goes on page 3 of the URAR, the vast section above the cost approach?
patrick mc atee mcatee@mtco.com
Dear Patrick,
This section of the URAR is called "Additional Comments" and is intended to be used for any additional comments about the appraisal or the property you are appraising that you think would be helpful to someone reading the appraisal. There is nothing that requires you to use the space.
H2
65) Additional Information On 1073 Form
03/11/07
Dear Henry,
I have been asked by a loan officer to include the remaining economic life on a condo, but I see it nowhere in the 1073 form. Should I do this? And, if so why?
Thanks!
Eric Dean Morse eric@alliedappraisers.com
Dear Eric,
Fannie and Freddie permit you to supply a client with any additional information they want as long as it does not violate the USPAP. I can see no reason why you shouldn't give this client what they have asked for.
You may do this in an addendum, or on one of the blank comments lines in the form, as long as you clearly explain what information you are providing.
H2
I have been asked by a loan officer to include the remaining economic life on a condo, but I see it nowhere in the 1073 form. Should I do this? And, if so why?
Thanks!
Eric Dean Morse eric@alliedappraisers.com
Dear Eric,
Fannie and Freddie permit you to supply a client with any additional information they want as long as it does not violate the USPAP. I can see no reason why you shouldn't give this client what they have asked for.
You may do this in an addendum, or on one of the blank comments lines in the form, as long as you clearly explain what information you are providing.
H2