T,1,165,7,0,way to comply with current appraisal standards and requirements of the
T,1,180,7,0,Comptroller of
T,1,1237,8,0,Revision 12/92
T,7,129,3,0,Lender
T,173,30,2,0,FOR FEDERALLY RELATED TRANSACTIONS (FIRREA)
T,7,74,3,0,Borrower/Client
T,7,94,3,0,Property Address
T,31,901,5,0,has transferred
T,31,958,6,0, Date
T,184,958,6,0,Document #
T,302,958,6,0,Seller
T,530,689,4,0,the subject property:
T,31,1112,6,0, Zone
T,126,1112,6,0,FEMA Map/Panel #
T,345,1112,6,0,Name of Community
T,31,1090,4,0,The subject property
T,186,1160,4,0,in the National Flood Insurance Program.
T,120,1091,5,0,is located
T,118,1071,5,0,is not located
T,31,1160,4,0,The community does not participate
T,31,1198,4,0,It is covered by
T,180,1071,4,0, in a FEMA Special Flood Hazard Area.
T,31,1179,4,0,The community
T,165,1091,4,0, in a FEMA Special Flood Hazard Area.
T,31,1071,4,0,The subject property
T,96,1218,5,0, an emergency
T,7,111,3,0,City
T,496,112,3,0,Zip Code
T,182,112,3,0,County
T,364,112,3,0,State
T,137,205,4,0,This Multi-Purpose Supplemental Addendum is for use with any appraisal. Only those
T,23,149,7,0,Multi-Purpose
T,84,149,7,0,Supplemental
T,144,149,7,0,Addendum for
T,205,149,7,0,Federally
T,246,149,7,0,Related
T,280,149,7,0,Transactions was designed to provide the appraiser with a convenient
T,123,216,4,0,statements which have been checked by the appraiser apply to the property being appraised.
T,300,165,7,0,Federal
T,334,165,7,0,Deposit
T,369,165,7,0,Insurance
T,413,165,7,0,Corporation (FDIC), the
T,515,165,7,0,Office of the
T,107,805,5,0, was not available.
T,63,180,7,0,Currency (OCC),
T,141,180,7,0,The
T,158,180,7,0,Office of
T,195,180,7,0,Thrift
T,217,180,7,0,Supervision (OTS), the
T,317,180,7,0,Resolution
T,362,180,7,0,Trust
T,385,180,7,0,Corporation (RTC) and the
T,498,180,7,0,Federal
T,532,180,7,0,Reserve.
T,166,14,1,0,MULTI-PURPOSE SUPPLEMENTAL ADDENDUM
T,183,1237,8,0,This form was reproduced by United Systems Software Company (800) 969-8727
T,97,1198,5,0, a regular
T,31,1218,4,0,It is covered by
T,97,1179,5,0, does participate
T,168,1218,4,0,program.
T,142,1198,4,0, program.
T,177,1179,4,0,in the National Flood Insurance Program.
T,461,958,6,0,Buyer
T,24,426,4,0,The Reproduction Cost is based on
T,24,441,4,0,supplemented by the appraiser's knowledge of the local market.
T,185,766,4,0, in the final reconciliation of value.
T,103,901,4,0, in the past months or years.
T,31,882,5,0,has not transferred
T,123,728,4,0,for sale for $ .
T,188,805,4,0, The reasons for unavailability and the steps taken by the appraiser are explained later in this addendum.
T,31,708,5,0,has not been offered
T,30,805,4,0,Offering information
T,31,786,4,0,Offering information was not considered in the final reconciliation of value.
T,109,766,5,0, was considered
T,31,747,5,0,was offered
T,31,728,5,0,is currently offered
T,31,766,4,0,Offering information
T,119,882,4,0, in the past months or years.
T,90,747,4,0,for sale within the past months or years.
T,129,708,4,0,for sale in the past months or years.
T,7,863,4,0,According to
T,530,863,4,0,the subject property:
T,25,612,4,0,For income producing properties, actual rents, vacancies and expenses have been reported and analyzed.
T,472,612,4,0,They have been used to project
T,26,625,4,0,future rents, vacancies and expenses.
T,7,276,4,0,The purpose of the appraisal is to estimate the market value of the subject property as defined herein.
T,429,276,4,0,The function of the appraisal is to assist the
T,7,288,4,0,above-named Lender in evaluating the subject property for lending purposes. This is a Federally related transaction.
T,24,527,4,0,The subject property is located in an area of primarily owner-occupied single family residences and the
T,452,527,4,0,Income
T,482,527,4,0,Approach is not considered to be
T,26,542,4,0,meaningful. For this reason, the Income Approach was not used.
T,25,561,4,0,The
T,43,561,4,0,Estimated
T,86,561,4,0,Market
T,118,561,4,0,Rent and
T,158,561,4,0,Gross
T,185,561,4,0,Rent
T,207,561,4,0,Multiplier utilized in the
T,306,561,4,0,Income
T,339,561,4,0,Approach are based on the appraiser's knowledge of the subject
T,25,576,4,0,market area.
T,82,576,4,0,The rental knowledge is based on prior and/or current rental rate surveys of residential properties.
T,487,576,4,0,The
T,506,576,4,0,Gross
T,533,576,4,0,Rent
T,556,576,4,0,Multiplier is
T,25,591,4,0,based on prior and/or current analysis of prices and market rates for residential properties.
T,26,345,4,0,The appraisal is based on the information gathered by the appraiser from public records, other identified sources, inspection of the subject
T,26,360,4,0,property and neighborhood, and selection of comparable sales within the subject market area.
T,411,360,4,0,The original source of the comparables is shown
T,26,375,4,0,in the
T,53,375,4,0,Data
T,75,375,4,0,Source section of the market grid along with the source of confirmation, if available.
T,423,375,4,0,The original source is presented first.
T,579,375,4,0,The
T,26,391,4,0,sources and data are considered reliable.
T,200,391,4,0,When conflicting information was provided, the source deemed most reliable has been used.
T,588,391,4,0,Data
T,26,406,4,0,believed to be unreliable was not included in the report nor used as a basis for the value conclusion.
T,7,689,4,0,According to
T,24,460,4,0,Physical depreciation is based on the estimated effective age of the subject property.
T,380,460,4,0,Functional and/or external depreciation, if present, is
T,24,476,4,0,specifically addressed in the appraisal report or other addenda.
T,285,476,4,0,In estimating the site value, the appraiser has relied on personal knowledge of
T,24,491,4,0,the local market.
T,97,491,4,0,This knowledge is based on prior and/or current analysis of site sales and/or abstraction of site values from sales of improved
T,24,507,4,0,properties.
T,31,936,4,0,either in the body of the report or in the addenda.
T,100,958,6,0,Sales Price
T,265,1112,6,0,Map Date
T,38,246,1,16777215,PURPOSE & FUNCTION OF APPRAISAL
T,36,318,1,16777215,EXTENT OF APPRAISAL PROCESS
T,35,644,1,16777215,SUBJECT PROPERTY OFFERING INFORMATION
T,38,827,1,16777215,SALES HISTORY OF SUBJECT PROPERTY
T,41,1035,1,16777215,FEMA FLOOD HAZARD DATA
T,31,920,4,0,All prior sales which have occurred in the past
T,270,921,4,0, months or
T,357,920,4,0, years are listed below and reconciled to the appraised value,
