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<br />IFile No, 2006-0131 Paoe #101
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<br />MULTI-PURPOSE SUPPLEMENTAL ADDENDUM
<br />FOR FEDERALLY RELATED TRANSACTIONS
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<br />Cleo Carroll Mezger, Appraiser
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<br />Borrower Jane Abbott
<br />Property Address Comanche Creek Rd - Leqal attached
<br />City Kiowa County Elbert State Colorad liD Code 80117
<br />Client Chad Henderson
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<br />This Multi-Purpose Supplemental Addendum for Federal~ Related Transactions was designed to provide the appraiser with a convenient way to comply with the current
<br />appraisal standards and requirements of the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of Currency (OCC), The Dffice of Thrift
<br />Supervision (DTS), the Resolution Trust Corporation (ATC), and the Federal Reserve,
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<br />This Multi-Purpose Supplemental Addendum is for use !Arith any appraisal. Only those
<br />statements which have been checked by the appraiser apply to the property being appraised.
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<br />~ PURPOSE & FUNCTION OF APPRAISAL
<br />The purpose of the appraisal is to estimate the market value of the subject property as defined herein, The function of the appraisal is to assist the above-named
<br />Lender in evaiuatlng the subject property for lending purposes. This is a federal~ related transaction.
<br />~ EXTENT OF APPRAISAL PROCESS
<br />~ The appraisai is based on the information gathered by the appraiser from public records, other identified sources, inspection of the subject property and
<br /> neighborhood, and selection of comparable saies within the subject market area, The onginal source of the comparables is shown in the Data Source section
<br /> of the market gnd along whh the source of confirmation, if available, The original source is presented first The sources and data are considered reliable.
<br /> When conflicting information was provided, the source deemed most reliable has been used, Data believed to be unreliable was not included in the report nor
<br /> used as a basis for the value conciusion.
<br />0 The Reproduction Cost is based on
<br /> supplemented by the appraiser's knowledge of the local market
<br />0 Physical depreciation is based on the estimated effective age of the subject property, Functional and/or extemal depreciation, ~ present, is specifically
<br /> addressed in the appraisal report or other addenda, In estimating the site value, the appraiser has relied on personal knowledge of the local market This
<br /> knowledge is based on prior and/or current analysis of site sales and/or abstraction of she values from sales of improved properties,
<br />0 The subject property is located in an area of pnmarily owner-occupied single family residences and the Income Approach is not considered to be meaningful,
<br /> For this reason, the Income Approach was not used,
<br />0 The Estimated Market Rent and Gross Rent Multiplier utilized in the Income Approach are based on the appraiser's knowledge of the subject market area,
<br /> The rental knowledge is based on prior and/or current rental rate surveys of residential properties, The Gross Rent Muhiplier is based on prior and/or current
<br /> analysis of pnces and market rates for residential properties,
<br />0 For income producing properties, actual rents, vacancies and expenses have been reported and analyzed, They have been used to project future rents,
<br /> vacancies and expenses.
<br />~ SUBJECT PROPERTY OFFERING INFORMATION
<br />According fa County Records the subject property:
<br />~ has not been offered for sale in the past: o 30 days o 1 year ~ 3 years,
<br />o is currenfiy offered for sale for $
<br />o ~ for sale within the past: o 30 days o 1 year 0 3 years for $
<br />o Dffenng information was considered in the final reconciliation of value,
<br />o Offering information was nof considered in the final reconciliation of value,
<br />o Offering information was nof available, The reasons for unavailability and the steps taken by the appraiser are explained later in this addendum,
<br />0 SALES HISTORY OF SUBJECT PROPERTY
<br />According to County Records the subject property:
<br />~ Has not transferred o in the past twelve months, ~ in the past thirty-six months. o in the past 5 years,
<br />0 Has transferred o in the past twelve months, o in the past thirty-six months, o in the past 5 years,
<br />0 All prior saies which have occurred in the past are listed below and reconciied to the appraised value, ehher in the body of the report or in the addenda.
<br /> Date Sales Price Document # Seller Buver
<br />0 FEMA FLOOD HAZARD DATA
<br />0 Subject property is not located in a FEMA Special Flood Hazard Area,
<br />0 Subject property ~ in a FEMA Special Flood Hazard Area,
<br /> Zone FEMA Map/Panel # Map Date Name 01 Community
<br />~ The community does not participate in the National Flood Insurance Program.
<br />0 The community does participate in the National Flood Insurance Program,
<br />0 It is covered by a reguja[ program,
<br />0 It is covered by an ~ program,
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<br />Form MPA3 - 'WinTOTAL" appraisal software by a la mode, inc, -1-80O-ALAMODE
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