Fillable Va Form 26-1805 - Request For Determination Of Reasonable Value (Real Estate) (Page 2 of 2) in pdf

OMB Control No. 2900-0045

Respondent Burden: 12 minutes

INSTRUCTIONS FOR PREPARATION OF VA REQUEST FOR DETERMINATION OF REASONABLE VALUE

Respondent Burden: We need this information to request an appraisal on the property for which VA guarantee of the loan is requested

(38 U.S.C. 3710(b)). Title 38, United States Code, allows us to ask for this information. We estimate that you will need an average of

12 minutes to review the instructions, find the information, and complete this form. VA cannot conduct or sponsor a collection of

information unless a valid OMB control number is displayed. You are not required to respond to a collection of information if this

number is not displayed. Valid OMB control numbers can be located on the OMB Internet Page at

. If desired, you can call 1-800-827-1000 and give your comments or

ask for mailing information on where to send your comments.

NOTE: ALL ENTRIES MUST BE TYPED.

Complete the form following the instructions below. After completion forward the form, together with any necessary exhibits to the

VA office having jurisdiction.

Since certain selected data from page 1 is transcribed onto VA NOV (Notice of Value), we request that this form be carefully

prepared. Incomplete submissions impede timely processing at the expense of both the Government and the requester.

This report is authorized by law (38 U.S.C. 3704(a) and 3710(b). Failure to provide the information requested can result in rejection of

the property as security for a loan.

REQUIRED EXHIBITS TO BE SENT WITH APPLICATION

PROPOSED CONSTRUCTION: Submit complete set of certified working drawings, including plot plan, foundation or basement

plans, plans of all floors, exterior elevations, grade levels, sectional wall details, heating layout, individual well and septic system

layout, and specifications on VA Form 26-1852, Description of Materials. (Consult local VA office for number of exhibit sets

required.) This information is subject to reproduction by VA under 38 U.S.C. 3705(b) and for storage purposes.

EXISTING CONSTRUCTION: 1. ALTERATIONS, IMPROVEMENTS OR REPAIRS - Complete drawings and specifications

indicating the work to be done and its relation to the house, in the quantity required by the local VA office. 2. NOT PREVIOUSLY

OCCUPIED AND CONSTRUCTION COMPLETED WITHIN 12 CALENDAR MONTHS - Contact local VA office for eligibility

criteria and required exhibits.

FORM ENTRIES

NAME, ADDRESS, AND ZIP CODE: Make sure to enter the ZIP

COMMENTS ON SPECIAL ASSESSMENTS AND/OR

code in all blocks which require an address entry.

HOMEOWNER ASSOCIATION CHARGES: Indicate special

assessments which are now a lien or will become a lien. In the

LEGAL DESCRIPTION: Insert legal description.

case of a planned unit development, condominium, or a

mandatory membership homeowner association, indicate the

TITLE LIMITATIONS: Enter known title exceptions. If none are

current monthly or other periodic assessment.

known, enter "None." Include easements, special assessments,

mandatory homeowners association membership, etc. Exceptions

MINERAL RIGHTS: If reserved, explain either in space shown

noted on this application will be considered in reasonable value.

as title exceptions or by separate page.

LOT DIMENSIONS: Show frontage X depth. If irregular,

LEASEHOLD CASES: (Usually Hawaii or Maryland.) If

indicate dimensions of all perimeter lot lines.

property involves a leasehold, insert the ground rent per year

and show whether the lease is for 99 years or renewable,

REMOVABLE EQUIPMENT: Personal property, such as

whether it has previously been VA approved, and its expiration

furniture, drapes and rugs, will not be valued and may not be

date.

included in the loan. However, wall-to-wall carpeting may be

included in value and also included in the loan.

SALE PRICE: Enter proposed sale price except when

application involves an individual owner-occupant building for

CONSTRUCTION COMPLETED: Insert both month and year

himself/herself. In such cases, enter estimated cost of

when property has been completed less than two years. If over

construction and the balance owed on the lot, if any. If

two years old, insert year completed only.

refinancing, enter amount of proposed loan in Item 34.

NOTE: If title is not "fee simple," submit a copy of all pertinent legal data providing a full explanation of the title involved.

VA FORM 26-1805, AUG 2008

Va Form 26-1805 - Request For Determination Of Reasonable Value (Real Estate) Page 2

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