UAD 3.6 discussion

[David S]

Hi, can anyone share what do you think about about new UAD 3.6 appraisal form? Thanks!

 

[David S]

One question is: From the new form, there is no separate 1004, 1073 or 1025 form any more. Thus it is put appraiser burden to define the subject is single home, town house or condo.

 

[Dublin ohio]

Thus it is put appraiser burden to define the subject is single home, town house or condo.

So who have you been letting define that up to now?

 

[Dublin ohio]

Hi, can anyone share what do you think about about new UAD 3.6 appraisal form? Thanks!

It is a new form, no big deal to me. I went from handwritten to what we use today and survived the changes. I am going to reserve any criticism until I see how the software works. It is supposed to be a dynamic form that only requires some fields if they apply to the characteristics of the subject property. Not sure why so many are freaking out, but some people are alway adverse to change.

 

[David S]

So who have you been letting define that up to now?

Up to now, every order will define this is 1004 or 1073 assignment, etc. Sometimes lender/ client will mistakenly set PUD as 1073 assignment. Once I sent an clarification inquiry back, they will redefine it as 1004.

 

[Dublin ohio]

Up to now, every order will define this is 1004 or 1073 assignment, etc. Sometimes lender/ client will mistakenly set PUD as 1073 assignment. Once I sent an clarification inquiry back, they will redefine it as 1004.

The client can order whatever they want, but I have the final say after I research the subject. It will make no difference with the new forms. You choose the property type and the form will "adapt".

 

[Fernando]

Imagine a real estate contract to be used for residential and commercial. Many terms and clauses not applicable.
The contract would be many pages and somewhat confusing.
Contracts should be made to be readable and understandable for buyers and sellers to comprehend.
Same as appraisal reports, for readers to understand instead of flipping pages looking for relevant sections.

 

[Dublin ohio]

Same as appraisal reports, for readers to understand instead of flipping pages looking for relevant sections.

That is one of the things the new form is supposed to alleviate

 

[Mike Ault]

It is a new form, no big deal to me. I went from handwritten to what we use today and survived the changes. I am going to reserve any criticism until I see how the software works. It is supposed to be a dynamic form that only requires some fields if they apply to the characteristics of the subject property. Not sure why so many are freaking out, but some people are alway adverse to change.

Quantifying adjustments for "window surface area" freaks me out…

 

[Dublin ohio]

Quantifying adjustments for "window surface area" freaks me out…
View attachment 97127

I suspect many of the fields won't apply in most situations