Appraisal Products;

We provide high quality residential appraisals of all property types. LeRoy W. Culley our cheif appraiser is a licensed residential appraiser in the state of Oregon and has extensive experience in all types of one to four family residential properties primarily in the Central Willamette Valley and surrounding area. Appraisal products include the Full Summary Uniform Residential Appraisal Report form #1004 as well as the Limited Summary Appraisal Report #2055. Both report types are typically used for lending purposes and are industry standards. Please see our "Fees" page for a full list of products and typical fees.

"avalutec.com" will soon be offering computer generated statistical regression analysis reports or "AVM". Multiple linear regression analysis is a sophisticated mathematical comparison of sales data calculated by a PC. Regression analysis provides a measurable probability range of value and predicts where a specific property falls into it's market segment. An "Automated Valuation Model" report or AVM is not an appraisal and assumes that past market actions provide a valid basis to forecast present or future market actions.

Full Summary Appraisals and Limited Summary Appraisals assume the following;
DEFINITION OF MARKET VALUE: The most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulas. Implicit in this definition is the consummation of a sale as of specified date and the passing of title from seller to buyer under conditions whereby: (1) buyer and seller are typically motivated.; (2) both parties are well informed or well advised, and each acting in what he considers his own best interest; (3) a reasonable time is allowed for exposure in the open market; (4) payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and (5) the price represents the normal consideration for the property sold unaffected by special or creative financing or sales conscessions* granted by anyone associated with the sale.

*The market impact of sales concessions to any comparable sale is adjusted for in the appraisal etc. Definition Of Market Value above is from Page 2 of Fannie Mae form 2055 7/95 and from the Statement Of Limiting Conditions page of Fannie Mae form 1004B 6/93.

APPRAISALS HAVE BEEN COMPLETED IN THE PAST
FOR THE FOLLOWING COMPANIES:

Alternative Financial Systems, Inc.
American Home Loans
Beneficial of Oregon
Centennial Bank
Centennial Mortgage Company
Central Willamette Credit Union
Certified Financial Services
Chase Manhattan Mortgage Group
Citizens Bank
Columbia River Bank
Commonwealth United Mortgage
Concept 2000, Inc.
Countrywide Home Loans, Inc.
First Union Mortgage
First Horizon Home Loans
First Tennessee Bank
Flagstar Bank
GMAC Mortgage
Genisys Financial Corp.
Homes America
Home Mortgage USA
Inter-City Housing
Liberty Federal Bank
Loanbus
MaPS Mortgage Co.,LLC
Mortgage Market Inc
Mortgage-It.Com
Nova Star Home Mortgage
North West Funding
OUR Federal Credit Union
PACE/National
Premier Mortgage Resources
PVC/Murcor
Selco Credit Union
Selco Mortgage Co.,LLC
Siuslaw Valley Bank
Source One Services
Spectrum Financial
The Lending Company
T.R.E.O./REO Service Network
Western Mortgage Brokers
Washington Mutual Savings Bank
U.S. Bancorp Mortgage

LeRoy W. Culley Real Estate Appraiser, P.O. Box 5081, Eugene, OR, 97405
Phone 541-343-9620 Fax 541-937-4323