Field and Desktop Appraisal Review Services
Have you just received a copy of your appraisal and youd like to have a professional "double-check" it for accuracy or do you need a second opinion without the expense and delay of waiting for a whole new appraisal?
The Residential Appraisal Field Review Report (Form 2000) is used by lenders as part of their quality assurance system and by individuals to verify or contest the data or conclusions of an existing report. Field inspections of the subject property and comparables are NOT within the scope of a Desk Review.
Field and Desk Reviews provide both sale/transfer and a listing histories, for the subject property, for the three years prior to the effective date of the appraisal report under review. They also consider any trends this information may reveal. The review appraiser will also briefly summarize the steps taken to verify the report's data and explain the items that are not factual and/or accurate.
The review appraiser will indicate whether the original opinion of market value for the subject property was reasonable*. In any instance in which the review appraiser determines that the original value conclusion was unreasonable, he or she will complete Sections II and III of the review report form.
*Because appraisers' opinions can vary, the review appraiser must have conclusive evidence to support his or her determination that the original value opinion was unreasonable