Does an appraisal report have to include subject property and comparable sales photos when the report is an exterior-only appraisal assignment?
An exterior only appraisal must include a front photograph of the subject on a subject photo page. The appraiser may use photos obtained from credible and reliable sources to represent the subject and comparables used on the appraisal. Although not required the presence of a comparable photos page, with images, may be necessary to allow the appraisal report to pass automated review systems.
For more information, refer to the published Lender Letter LL-2020-04, Impact of COVID-19 on Appraisals.