www.hudclips.org U. S. Department of Housing and Urban Development Washington, D.C. 20410-8000 January 11, 1994 OFFICE OF THE ASSISTANT SECRETARY FOR HOUSING-FEDERAL HOUSING COMMISSIONER Mortgagee Letter 94-3 TO: ALL APPROVED MORTGAGEES SUBJECT: Revised Appraisal Report Forms Since December of 1992, HUD has been participating in a joint effort with Fannie Mae, Freddie Mac, VA and a working group from the appraisal industry to revise the Uniform Residential Appraisal Report and the Statement of Limiting Conditions and Appraiser's Certification. The revised forms are now finalized and must be used for appraisals of single-family properties made on or after February 1, 1994. At the discretion of the lender or appraiser, the revised forms may be used immediately. The Statement of Limiting Conditions and Appraiser's Certification (Fannie Mae Form 1004B and Freddie Mac Form 439) have been adopted for HUD purposes. Sincerely yours, Nicolas P. Retsinas Assistant Secretary for Housing - Federal Housing Commissioner Attachments _____________________________________________________________________ HUD INSTRUCTIONS FOR COMPLETING THE UNIFORM RESIDENTIAL APPRAISAL REPORT (URAR). All appraisal reports must be prepared with ball point pen, typed or computer generated. SUBJECT 1. File Number. Insert the FHA Case Number at top right after "File No.". 2. Subject. The property address and complete legal description must be provided. If it is a Leasehold, follow instructions in Chapter 6 of HUD Handbook 4150.1 REV-1; if it is a PUD, follow instructions in Chapter 11 of HUD Handbook 4150.1 REV-1. NEIGHBORHOOD 1. Complete the requested information indicating the type of location. When boxes "urban" and "declining" are both checked, the appraiser should consider making a recommendation that the mortgage be insured pursuant to Section 223(e) and provide pictures of the street. The appraiser should also indicate a reasonable marketing time for the subject property. 2. Predominant Occupancy. Mark appropriate boxes. 3. Single Family Housing. Show low and high neighborhood prices and ages, and what would be considered the predominant value and age. 4. Present land use. Show percentage of various types of neighborhood buildings. 5. Land use change. Be sure to observe any obvious change(s) in land use and note what the change is. 6. Neighborhood boundaries. Name streets on north, south, east and west edges of the neighborhood and characteristics typical of the neighborhood. 7. Factors that affect marketability. Describe the favorable or unfavorable factors that affect the marketability of properties in the neighborhood. Describe those features which would attract residents to the neighborhood or cause them to reject the neighborhood. 8. Market Conditions in subject neighborhood. Self-explanatory. _____________________________________________________________________ PLANNED UNIT DEVELOPMENT 1. Planned Unit Development (PUD). If the unit is in a PUD, provide all relevant project information and describe the common elements and recreational facilities. SITE 1. Dimensions. List all dimensions of the site. If irregular, the appraiser should show boundary dimensions, such as: 85' X 150' x 195' X 250'. 2. Site Area. Enter area in square feet or acres. 3. Corner Lot. Enter "Yes" or "No." 4. Zoning Classification. Enter the zoning type used by the local municipality to describe the type of use permitted. For example: "residential - single family," "residential - 1 - 4 family". Do not use abbreviations such as "R-1" or "A-1" by themselves. The abbreviated descriptions can vary among communities. 5. Zoning Compliance. State whether it is legal, legal nonconforming, illegal or no zoning. Use "Historic," if applicable. If a nonconforming use exists, enter "nonconforming" and state whether it is a legal use which has been approved by the local zoning authority. Determine if current use is in compliance with the zoning ordinances; if not, the property should be rejected. 6. Highest and Best Use. This entry represents the highest and best use of the site in relation to the neighborhood. If present use represents the highest and best use, check "present use." If it does not, check "other use" and explain. 7. Other Use. If the present use is not the highest and best use of the site, enter the use that should exist and explain in the "Comments" section. 8. Utilities. Either check a box or explain under "Other." Public utilities are provided by a unit of government. "Other" can reflect individual and/or community systems. If electricity is underground, so state. 2 _____________________________________________________________________ 9. Off-site improvements. Describe by entering a brief description under "Type" and checking whether Public or Private. For example: "Street - Asphalt; Public." It is important to identify if year-round street maintenance does not exist. "Public" refers to an improvement dedicated to and accepted by a unit of government. It does not include a homeowners association. 10. Topography. Enter whether level, sloped, etc. 11. Size. Enter descriptions such as "typical," "small," or "large." 12. Shape. Enter site configuration, such as "triangular," "square," or "rectangular." 13. Drainage. Enter whether adequate or inadequate. If inadequate, be sure to explain and make requirement for correction, if feasible. 14. View. Briefly describe the view from the property. Identify a view having a significant positive or negative influence on the value, for example: describe view as "mountains", then enter "average", "superior" or "inferior" as contrasted with other sites. 15. Landscaping. Enter whether adequate or inadequate, relative to neighborhood. 16. Driveway. Enter type such as concrete, asphalt or gravel. 17. Apparent Easement. If there appears to be an easement, check to make sure. 18. FEMA Flood Hazard. FEMA is the Federal Emergency Management Agency, which is responsible for mapping flood hazard areas. If any of the improvements on the property are within a Special Flood Hazard area, check "Yes;" otherwise check "No." 19. FEMA Map/Zone. Enter FEMA zone, date, map number and page number. If it is not shown on any map, enter "not on FEMA maps." Only those properties within zones "A" and "V" require flood insurance. Zones "B" and "C" do not require flood insurance because FEMA designates only "A" and "V" zones as "Special Flood Hazard Areas." 3 _____________________________________________________________________ DESCRIPTION OF IMPROVEMENTS 1. General Description. A. Units. Enter number of units being valued. The URAR is designed for 1-4 units. B. Stories. Enter the number of stories above grade. Do not include the basement. C. Type. Enter "Det." (Detached), "S/D" (Semi-detached) or "R" (Row). D. Design (Style). Enter brief description using local custom terminology. For example: Cape Cod, bi-level, split level, split foyer, town-house, etc. Do not use builder's model name. E. Existing/Proposed. Enter "E", "P", or "UC" (for under construction). A "P" or "UC" requires plans and specifications for the appraiser to review. If Rehab, enter "REHAB" instead of "E" or "P". F. Age (Yrs.). Enter actual age. Construction records may be helpful if available. Insert both the month and year completed where the property is less than two years old. If it is over two years old, insert the year completed only. G. Effective Age (Yrs.). Enter effective age, if appropriate. This is judgmental. A range is acceptable. A difference between actual and effective age typically is caused by a level of maintenance or remodeling which may be below or above average. Significant differences between the actual and effective ages should be noted. 2. Exterior Description. A. Foundation. Enter type of construction such as poured concrete, concrete block or wood. B. Exterior Walls. Enter type of construction material such as aluminum, wood siding, brick veneer, porcelain, log or stucco. If combination show predominant portion first. C. Roof Surface. Enter type, such as composition, wood, slate, tile. 4 _____________________________________________________________________ D. Gutters and Downspouts. Enter type, such as galvanized, aluminum, wood, plastic. If partial, state location. E. Window Type. Describe type, such as double-hung, casement, sliding. Identify the construction type such as aluminum, wood, or vinyl. F. Storm/Screens. Enter "Yes," "No" or "Partial." G. Manufactured House. Enter either manufactured home (MH) or modular (MOD), or answer "no" if not manufactured or modular. If it is a manufactured (mobile) home, it must bear the seal signifying compliance with the Federal manufactured home construction and safety standards. 3. Foundation. A. Slab. Enter "Yes" or "No." B. Crawl Space. Enter "Yes" or "No." If partial, include percentage of floor area. C. Basement. Enter "Full," "Partial," or "None." D. Sump Pump. Enter "Yes" or "No." E. Dampness. Enter "Yes" or "No." If damp, make requirement for correction. F. Settlement. Enter "Yes" or "No." (Check for cracks.) G. Infestation. Enter "Yes" or "None Apparent." Look for evidence of any type of insects and damage. If there is any, require insect infestation inspection. 4. Basement. A. Area Sq. Ft. Enter square feet. B. % Finished. Enter percentage of basement square footage (figure above) that is finished. C. Ceiling. Enter material type, such as drywall, or lath and plaster, or celotex ceiling panels. 5 _____________________________________________________________________ D. Walls. Enter material type, such as drywall, wood panel or cinder block. E. Floor. Enter floor type, such as asphalt tile or concrete. Comment if any part is earth. F. Outside Entry. Enter "Yes" or "No." 5. Insulation. A. Roof. Enter "yes" or "no". B. Ceiling. Enter "yes" or "no". C. Walls. Enter "yes" or no". D. Floor. Enter "yes" or "no". E. Check this box if no insulation anywhere in the house. F. Unknown. Check this box if unable to determine the presence of insulation. 6. Room List. (General) A. Answers concerning room design and count should reflect local custom. B. A dining area built as an L-shape off the kitchen may or may not be a room depending upon the size. A simple test which may be used to determine whether one or two rooms should be counted is to hypothetically insert a wall to separate the two areas which have been built as one. If the residents can use the resulting two rooms with the same or more utility, without increased inconvenience, the room count should be two. If the existence of the hypothetical wall would result in a lack of utility and increased inconvenience, the room count should be one. C. The room count typically includes a living room (LR), dining room (DR), kitchen (KT), den (DN), recreation room (REC), and bedroom (BR). D. The following definitions and terms may be useful as a guide: 6 _____________________________________________________________________ 1). Basement. Generally completely below the grade. This is NOT counted in the finished gross living area at the grade level. 2). Foyer. Entrance hall of a house. 3). Level 1. Includes all finished living area at grade level. 4). Level 2. Includes all finished areas above the first level. E. Finished Area Above Grade Contains: To complete this section, enter the number of each room type on each level. DO NOT enter the dimensions. 1). Enter the total room count and area Sq. Ft. in the blank spaces provided in this part. 2). Enter total number of rooms, bedrooms, baths and square feet of Gross Living Area (above grade). 7. Interior. Surfaces - Enter the type of Materials and the Condition of the material (i.e., Good, Average, Fair, Poor). Make every effort to describe accurately and explain "Fair" and "Poor" rating. A. Floors. Enter type such as tile, hardwood or carpet. B. Walls. Enter type such as plaster, drywall or paneled. C. Trim/Finish. Enter type of molding such as wood, metal or vinyl. D. Bath Floor. Enter ceramic, vinyl tile, or carpet. E. Bath Wainscot. Enter type that protects walls from moisture, such as ceramic tile or fiberglass. F. Doors. Enter type such as wood or metal, etc.. 7 _____________________________________________________________________ 8. Heating. A. Type. Enter hot water, steam, forced warm air, gravity warm air, radiant. B. Fuel. Enter coal, gas, oil, electric. C. Condition. Enter Good, Average, Fair, or Poor. Explain "Fair" or "Poor" rating. 9. Cooling. A. Central. Enter "Yes" or "No." B. Other. Describe. C. Condition. Describe as with Heating. 10. Kitchen Equipment. Make an entry X in the boxes to indicate that these items exist. An entry in a box means that the item was considered part of the real estate, and included in value. An item that was seen, but is considered personal property, should have a "P" in the box and not be included in value. 11. Attic. Additional space such as an attic or room above the garage should be described in the manner in which it can be actually used. The essential question is whether it can be included in the above-grade living area. State means of access and if it is heated and finished. 12. Amenities. Make an entry X in all boxes of applicable amenities. 13. Car storage. Complete this block as follows: A. If the property does not have a garage, carport, driveway or on-street parking, check "none". B. If there is a garage, designate whether attached, detached or built-in and indicate the number of cars which may be parked, on the corresponding line. C. If there is a carport indicate by entering the number of cars on the corresponding line. Also show whether it is attached to or detached from the home. 8 _____________________________________________________________________ D. If there is no garage or carport, but there is a driveway, state "yes" and enter the number of cars that can be reasonably parked in the driveway. COMMENTS 1. Additional Features. Enter here any additional features such as a pool size, special energy-efficient items, special fireplace features or other features not shown above or any comments you may wish to make. 2. Condition of the improvements (physical, functional and external), repairs needed, quality of construction, etc.) Explain as necessary. 3. List any obvious adverse environmental conditions. Self-explanatory. If the property was built prior to 1978, and there is evidence of cracking, chipping, peeling or loose paint, a statement should be made regarding Lead Based Paint. The statement should read; "Property built prior to 1978, lead based paint corrective measures are required." In addition, the appraiser must check the appropriate lead based paint requirement on the VC sheet. BACK PAGE OF THE URAR FORM COST APPROACH The estimated reproduction cost of improvements is not to be completed for existing construction; however, the estimated value of the site must be entered. If the subject property is proposed construction or existing construction under one year of age, the Marshall and Swift Form 1007 is to be completed and attached and the box is to be completed using the figures from Marshall and Swift calculations. Under "Comments on Cost Approach" the appraiser must indicate if the property conforms to applicable Minimum HUD/VA Standards set forth in Handbook 4905.1. If it does not, the appraiser should recommend correction or rejection and explain. If the property is newly constructed, then it must comply with HUD Handbook 4910.1, Appendix K (24 CFR 200.926d) (as certified to by the builder). Also, determine if the property will be covered by a 10 year construction warranty and indicate if it is HUD-approved. A list of HUD-approved warranty plans may be found in HUD Handbook 4145.1, Rev-2, Change 1, Appendix 10. 9 _____________________________________________________________________ In addition, a sketch of all improvements (house, garage, outbuildings) must be prepared on a separate sheet of paper and attached to the URAR (appraiser should note in "Comments on Cost Approach" box, "See attached property sketch"). Show the gross living area above grade for the house and the area of the garage if attached. Sketch should include all exterior dimensions of house as well as patios, porches, garages, breezeways and other offsets. Enter "covered" or "uncovered" to indicate a roof or no roof, such as over a patio. The estimated remaining economic life must be shown in this space. SALES COMPARISON ANALYSIS In selecting comparables, the bracketing method must be used. Ideally, one of the comparables should be a little larger (200 sq. ft. to 300 sq. ft.); another a little smaller; and the third should be approximately the same size (generally within a hundred square feet of the subject). DO NOT SELECT COMPARABLES BY SALES PRICE. All adjustments must be extracted from the market. No adjustment should be made unless it has a material effect on value. When an adjustment is made for location, site/view or design and appeal, the appraiser must explain the reason. Avoid using three builder sales from the same subdivision, if possible. 1. Address. Enter the address that can be used to locate each property. Enter community, if needed to identify property. For rural properties, list location by road name, nearest intersection, and side road. 2. Proximity to Subject. Enter proximity in straight line distance, like "3 houses or one tenth of a mile W. of subject." If comparable is more than 1 mile from subject, be sure to explain why in the "Comments" section. 3. Sales Price. Enter total paid by buyer, including extras. 4. Price/Gross Living Area. Enter price per square foot for living area above grade. 5. Data and/or verification Source(s). Enter date and verification source name(s), or others such as tax stamps, MLS, etc. This is the data source(s) for the price and property information. Also show type of financing such as Conv., FHA or VA. 6. Sales or Financing Concessions. Enter adjustment for sales concessions, if needed. Be sure to explain in "Comments" section and use Addendum if appropriate. 10 _____________________________________________________________________ A. In some areas of the country it is customary for the builder or seller to pay closing costs for the buyer and include them in the sales price of the property. In other areas it may occur occasionally or not at all. In those rare instances in which there is a market area where closing costs are the responsibility of the seller and are always paid by the seller and included in the sales price, the appraiser must note under "Conditions of Appraisal", in the Reconciliation Block. B. Sales that are not verified and adjusted to reflect the terms and conditions of sale should not be used as market data. C. Always select the comparables with the fewest dissimilarities. Use older sales only if more recent ones are not available and be sure to explain in the "Comments" section why any comparable over six months old was used. D. The value factor of Location, Site, View, Design and Appeal, Quality of Construction, Age, Condition, and Functional Utility are all subjective factors that require subjective adjustments. Be careful that adjustments are reasonable--not excessive. If a property is ever overvalued, a high probability exists that the reason can be traced to an excessive adjustment somewhere in this section. Adjustments should be made only in cases where the dissimilarity has a noticeable effect on the value. Small differences do not usually require adjustments. 7. Date of Sale/Time. Enter month and year. This date refers to a date of sale. A specific day is not necessary unless it is meaningful, such as in a rapidly changing market. 8. Location. Enter "Good," "Average," or "Fair", when compared to the subject and using the same standard as the subject. An adjustment for location in the same neighborhood is seldom justified. 9. Leasehold/Fee. State whether the property is in fee simple or a Leasehold Estate. 11 _____________________________________________________________________ 10. Site. Enter size of lot. Adjustments should be made only for measurable differences. Small differences in lot sizes do not usually call for an adjustment if the size is typical. 11. View. Adjustments should be made only if the view is superior or inferior to the subject. 12. Design and Appeal. Enter the style according to a description used by local custom and show appeal as (G) Good, (A) Average, (F) Fair or (P) Poor. 13. Quality of Construction. Enter "Good," "Average," or "Fair" and the construction type such as aluminum siding, wood siding, brick, etc. If a combination, show the predominant portion first, such as brick/frame if it is mostly brick. 14. Age. If both Actual and Effective age are used, enter both such as "A-25, E-20." A difference typically is caused by modernization or significant maintenance, or the lack of either. A noticeable difference is the basis for adjustment. If the property is less than two years old, the appraiser must show the month and year of construction completion. 15. Condition. Enter "Good," "Average," "Fair," or "Poor" when compared to the subject. Be consistent with the description of improvements. 16. Above Grade Room Count; Gross Living Area. Enter room count, which should be consistent with the description of improvements on the front of the URAR. Commonly, three adjustments may be entered. For example, the first may be an adjustment for "expendable space" such as a bath. A deficiency in the number of baths should be adjusted first. The second is a separate adjustment for a difference in square feet. The third is an adjustment for room count. These can be individual or separate adjustments which have been combined. All should be extracted from the market. But room count and bath adjustments should be on one line and square foot adjustment for size on another line. Typically, an appraiser will not make an adjustment for square feet difference and a difference in the room count. An example where it could occur would be a very large home with a small room count. Any property that has both an adjustment in square feet and room count should be explained. 12 _____________________________________________________________________ 17. Basement and Finished Rooms Below Grade. Enter the type of improvements in the basement such as bedroom, rec. room, laundry, etc. Explain any special features. Show number of square feet of finished area. 18. Functional Utility. Enter "Equal," "Superior," or "Inferior," as a total of the items rated in the Improvement Analysis compared to the subject. Be consistent with the factors reported there. Use "Comments" section frequently and explain special features. The category of functional utility typically is the place to deduct for functional obsolescence which has been observed in the subject and recorded on Side 1 and which is not found in the comparables. Dollar adjustments should be extracted from the market. For example, a poor floor design that includes two bedrooms which are located so that entrance to one is gained by passing through the other typically requires a negative adjustment for functional obsolescence. In such a case, the second bedroom would not be counted as a bedroom. 19. Heating/Cooling. Enter an adjustment for heating and cooling systems, if appropriate. Any adjustments should be based upon local market expectations. 20. Energy Efficient Items. Enter an adjustment for any energy efficient items such as storm windows and doors, solar installations, etc. 21. Garage/Carport. Enter an adjustment for car storage. Adjustments should be calculated in accordance with market acceptance of carport value versus garage and size (one car, two car, etc.) 22. Porch, Patio, Deck, Fireplace(s), etc.. Enter an adjustment for these features. Any adjustments should be based upon local market expectations. 23. Fence, Pool, Etc., Enter appropriate adjustments. For example, a pool located in an area that expects pools might bring a dollar premium in comparison to a comparable without a pool. 13 _____________________________________________________________________ 24. Net. Adj. (Total). Check either + or - box to indicate if the total net adjustments will increase or decrease the value. If any adjustment is excessive, the comparables should be reviewed to determine if the best ones were selected. Any adjustment which appears to be excessive should be explained. 25. Adjusted Sales Price of Comparable. Total all of the adjustments and add to or subtract them from the sales price of each comparable. Generally, adjustments should not exceed 10 percent for line items, 15 percent net adjustments and 25 percent on gross adjustments. 26. Comments on Sales Comparison (including the subject property's compatibility to the neighborhood, etc.) Self-explanatory. 27. Date, Price and Data Source for prior sales within one year of appraisal. This is in accordance with USPAP standards which requires the appraiser to consider and analyze any prior sales of the property being appraised and the comparables that occurred within one year of the date of appraisal. Provide an analysis of any current agreement of sale, option, or listing of the subject property and analysis of any prior sales of subject and comparables within one year of the date of appraisal. 28. Indicated Value by Sales Comparison Approach. Select and enter the adjusted sales price of the comparable most similar to the subject. DO NOT arbitrarily select the adjusted sales price which is midway between the lowest and highest adjusted sales price. 29. Indicated Value by Income Approach. Complete the Income Approach only for three- and four-unit properties. When used, the appraiser is to show the gross rent from each of the comparables at the bottom of the form under "Final Reconciliation". For example: Comp. #1 Gross Rent = $1,000.00 (GRM 110); Comp. #2 Gross Rent = $1,200.00 (GRM 108). . . etc. The determination of the appropriate gross rent multiplier to use should follow the same procedure as in the market approach by selecting the comparable which is most similar to the subject property and using the GRM found for that comparable; or if slightly higher or lower, explain. 14 _____________________________________________________________________ The appraiser must also analyze and report on current market conditions and trends which will affect projected income or the absorption period, to the extent they affect the value of the subject property. This information should be consistent with the neighborhood information on front of the URAR. If the Income Approach is not used, the appraiser should draw a line through the words "Indicated Value by Income Approach (if applicable)" and enter the estimated market rent. The rest of the line items should be marked "N/A." RECONCILIATION 1. The appraisal is made: Check the box marked "as is", "subject to repairs" or "subject to completion per plans and specifications". The "as is" value should be used only if there are no repairs required or if the property is being rejected. If the property is being rejected, the appraiser must provide an "as is" value. 2. Conditions of Appraisal. In addition to any comments which the appraiser wishes to make, the appraiser should enter taxes and insurance expenses and condominium or PUD common expense, as appropriate. The appraiser must also enter any Valuation Condition codes (as directed by the local HUD Office). 3. Final Reconciliation. This entry should contain the appraiser's reasoning for arriving at the final value. The appraiser must consider all approaches to value and explain why one or another approach was not used. 4. The appraiser enters the date the property was inspected then enters the value. He/She should then sign their name then print their name under their signature then enter their assigned CHUMS ID number then enter the date the form is signed. 5. The appraiser who performed the appraisal must sign and attach the appraiser's certification and statement of limiting conditions, which have been adopted for HUD use, to the URAR showing his/her certification/license number and expiration date and forward the complete appraisal package to the lender. The appraiser should also state in the space provided in the Final Reconciliation section "See attached appraiser's certification and statement of limiting conditions". A copy of these certifications and limiting conditions must be attached to all copies of the appraisal report or the report is not valid for HUD use. 15 _____________________________________________________________________ __________________________________________________________________________ UNIFORM RESIDENTIAL APPRAISAL REPORT ******************************************************************** * * * * * * * * * * * * * * * * * * * GRAPHICS MATERIAL IN ORIGINAL DOCUMENT OMITTED * * * * * * * * * * * * * * * * * * * ******************************************************************** ___________________________________________________________________________ Freddie Mac Form 70 6-93 Fannie Mae Form 1004 6-93 PAGE 1 OF 2 _____________________________________________________________________ ___________________________________________________________________________ UNIFORM RESIDENTIAL APPRAISAL REPORT ******************************************************************** * * * * * * * * * * * * * * * * * * * GRAPHICS MATERIAL IN ORIGINAL DOCUMENT OMITTED * * * * * * * * * * * * * * * * * * * ******************************************************************** ___________________________________________________________________________ Freddie Mac Form 70 6-93 Fannie Mae Form 1004 6-93 PAGE 2 OF 2 _____________________________________________________________________ __________________________________________________________________________ DEFINITION OF MARKET VALUE: ******************************************************************** * * * * * * * * * * * * * * * * * * * GRAPHICS MATERIAL IN ORIGINAL DOCUMENT OMITTED * * * * * * * * * * * * * * * * * * * ******************************************************************** ___________________________________________________________________________ Freddie Mac Form 439 Fannie Mae Form 1004B Page 1 of 2 _____________________________________________________________________ ___________________________________________________________________________ APPRAISER'S CERTIFICATION: ******************************************************************** * * * * * * * * * * * * * * * * * * * GRAPHICS MATERIAL IN ORIGINAL DOCUMENT OMITTED * * * * * * * * * * * * * * * * * * * ******************************************************************** __________________________________________________________________________ Freddie Mac Form 439 Fannie Mae Form 1004B Page 2 of 2 _____________________________________________________________________ SUGGESTED FORMAT FHA CASE NO. ___________________________ DATE ____________________ ADDRESS: ________________________________________ ________________________________________ ________________________________________ ________________________________________ INFORMATION REQUIRED FOR HUD APPRAISAL AND PROCESSING. BUILDING SKETCH (EXTERIOR DIMENSIONS OF THE HOUSE) COMMENTS: _________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________