The Uniform Residential Appraisal Report is a standard appraisal form (Form 1004), and is used extensively by the mortgage industry. This report form is designed to report an appraisal of a one-unit property or a one-unit property with an accessory unit; including a unit in a planned unit development (PUD), based on an interior and exterior inspection of the subject property. This report form is not designed to report an appraisal of a manufactured home or a unit in a condominium or cooperative project. See Example.
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