Property Valuation
A Massachusetts appraiser performing a drive-by (exterior-only) appraisal is completing a:
AComplete appraisal
BRestricted appraisal
CLimited appraisal (Fannie Mae Form 2055)✓ Correct
DDesk review
Explanation
A drive-by or exterior-only appraisal completed on Fannie Mae Form 2055 is a limited appraisal where the appraiser does not inspect the interior. It is generally used for lower-risk refinance transactions. The appraiser must disclose the scope limitations.
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