Regulatory Alerts2019-03-06
Real Estate Evaluation Form
This document is a standardized form used by evaluators to assess the value and condition of real estate properties. It requires the collection of borrower and property owner details, legal descriptions, and physical characteristics of the improvements. The form mandates the selection of a valuation basis (market, cost, or income), reconciliation reasoning, and the signatures of the evaluators to certify the assessment.
REAL ESTATE EVALUATION FORM Borrower(s): _______________________________________ _ Property Owner(s): ------------------------------------- Property Address:-------------------------------------- Legal Description:-------------------------------------- Present Use: _______________________________________ ~ Property type and general condition of improvements, including their approximate age, size and, construction: ____ _ Estimated value of subject property: ----------------- Basis used for determining value: Market ___ Cost ___ Income ___ _ Evaluators have viewed the property: Yes No ___ _ County tax assessment information was used: Yes No ___ _ Evaluators concur with the results of the county tax assessment information: Yes No ___ _ Reconciliation (reasoning for the basis used and how subject property relates to comparables if market based): ____ _ Evaluator: Signature: Date: (PLEASE PRINT) Address: Evaluator: Signature: Date: (PLEASE PRINT) Address: