An Exterior 2055 UAD Appraisal is an appraisal where the extent of the appraiser's data for a property is based on an inspection from the exterior-front of the property and any other data available to the appraiser, such as public record, the local multiple listing service, or the client themselves. This type of appraisal is also sometimes informally called a Drive-Bye Appraisal. The appraisal is reported on the same form as the Short Form Appraisal since a first-hand detailed description of the property is not possible.
-Situations when a highly reliable value is not necessary, when access to the property is not possible, or when the property may not currently representative of the property as of the effective date of the appraisal - which may be in the past.
-Before Buying or Selling (when not expected to be used for negotiating)
-Estate Appraisal Needs
-Retrospective Appraisal Needs
-Bankruptcy (uncommon, usually Standard Appraisal)
-Family Based Transactions / Family Purchases / Family Sales
-Situations such as Bankruptcy, Taxes, etc. upon the guidance of your legal and/or financial advisers.