Property Valuation
When a Mississippi appraisal report is completed for a residential mortgage transaction, the most commonly used form is the:
AURAR (Uniform Residential Appraisal Report) — Fannie Mae Form 1004✓ Correct
BShort-form narrative appraisal
CDrive-by appraisal (exterior only) for all residential loans
DTax assessment form from the county
Explanation
The URAR (Uniform Residential Appraisal Report), also known as Fannie Mae Form 1004 / Freddie Mac Form 70, is the standard appraisal form used for single-family residential mortgage transactions.
Related Mississippi Property Valuation Questions
- Which of the following best defines 'market rent' in a Mississippi appraisal?
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