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Old 11-21-2006, 01:48 PM
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Question Drive by Exterior only

Maybe I am overlooking it, but can anyone please point me to a form in Aurora to use for a non-lender exterior only drive-by of a SFR property? I am performing a retrospective (DOV 9/1/1995) appraisal for trust administration purposes only. Thanks in advance for any help you can offer me.

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Old 11-21-2006, 02:34 PM
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I personally wouldn't use a form for that purpose.

But to answer your question, try the AI Appraisal Report Form, the Desktop Summary Appraisal Report and include sufficient attachments and explanation (like the preprinted purpose). If I HAD to use a form I would use the AI Summary Appraisal Report Form
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Last edited by Joker : 11-21-2006 at 02:37 PM.
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Old 11-22-2006, 01:10 PM
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Thanks for your reply Doug. Am I correct to presume that you'd recommend a narrative as a better alternative?

Last edited by Thomas Blake : 11-22-2006 at 01:13 PM.
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Old 11-22-2006, 01:28 PM
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You are correct in your assumption.
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Old 11-24-2006, 09:34 AM
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Be careful using the AI appraisal form in WinTotal. I've just had a nearly completed appraisal on the AI form dump on me and just disappear entirely. I've stopped using the the AI form.

If this is a non-lending report, you can use any reporting form you want. Since it is not for lending, the supplemental standards and restrictions on the form do not apply or can be negated by notice to the client. I'm doing a retro right now (actually 2 reports: beginning of wedded bliss date and date of the legal separation). I'm using the old 1004 as the comps in my old reports are in the grid configuration.

Just make a note in the report that the form used is selected to convey to the reader the appraisal and necessary data. Tell them that the form used is selected as it is a summary report and of the form most recognized by most readers. Make sure that you state that regardless of any preprinted information, the report does not conform to the Supplemental Standards mentioned in the report.
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Old 11-24-2006, 09:57 AM
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Quote:
Originally Posted by Richard Carlsen
Be careful using the AI appraisal form in WinTotal. I've just had a nearly completed appraisal on the AI form dump on me and just disappear entirely. I've stopped using the the AI form.

If this is a non-lending report, you can use any reporting form you want. Since it is not for lending, the supplemental standards and restrictions on the form do not apply or can be negated by notice to the client. I'm doing a retro right now (actually 2 reports: beginning of wedded bliss date and date of the legal separation). I'm using the old 1004 as the comps in my old reports are in the grid configuration.

Just make a note in the report that the form used is selected to convey to the reader the appraisal and necessary data. Tell them that the form used is selected as it is a summary report and of the form most recognized by most readers. Make sure that you state that regardless of any preprinted information, the report does not conform to the Supplemental Standards mentioned in the report.
Sounds like a lot of additional work simply because your software is buggy.

I would probably use the AI Restricted Use form since that reporting format provides greater flexibility in what is included or not included in the report, but since you are using Aurora (instead of ClickFORMS) the flexibility that makes that option appealing is not available to you. If you use an old 1004, I recommend using Acrobat (or other PDF editor) to remove the Fannie/Freddie references rather than a simple disclaimer. I am of the opinion that such disclaimers result in a misleading report since the report contains conflicting text and requires analysis by the reader to determine what parts of the report apply and what parts of the report do not apply (like they will actually read every word anyway).

A narrative is the most flexible option, and probably the best. If you have not completed a narrative report before, start by making an outline of things you need to include (be sure to have your copy of USPAP open to Standard 2 while making the outline). Once you complete the report by covering the points in the outline, you will likely find yourself questioning how we ever got stuck using those PITA forms.
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