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Fillable Printable Real Estate Evaluation Form Worksheet

Fillable Printable Real Estate Evaluation Form Worksheet

Real Estate Evaluation Form Worksheet

Real Estate Evaluation Form Worksheet

REAL ESTATE EVALUATION WORKSHEET
Property Name: Unit:
Applicant/Resident Name:
Current value of real estate
Minus mortgage owing
Minus second mortgage/deed of trust
Minus 10% selling costs (based on value)
Minus other (explain)
Minus other (explain)
Equals amount to be valued as an asset =
If real estate is rented, you will need to obtain a copy of the resident’s signed federal tax return
complete with all schedules as well as a copy of the rental agreement.
If real estate was sold on contract, you will need to obtain a copy of the contract and determine
whether there is an underlying mortgage and if so, the interest rate. This information will
determine which method you will use for figuring income. The easiest method is to obtain a
copy of their signed federal tax return with all schedules.
If real estate is currently listed for sale, obtain a copy of the listing agreement. If the sale is
pending, obtain a copy of the RESPA statement, which will reflect the net proceeds. If the
transaction has closed recently, request a HUD –1 Settlement Statement.
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