PAS Property Appraisal Summary
PAS Property Appraisal Summary
To provide high-level information about the property valuation
Position
Element
Name
Type
Requirement
Min
Max
Repeat
PAS-01
Property Value Estimate Type Code
Identifier (ID)
Mandatory
1
1
-
Code indicating the type of property value estimate
PAS01 defines the type of property valuation used.
PAS-02
Amount Qualifier Code
Identifier (ID)
Mandatory
1
3
-
Code specifying the amount qualifier
PAS02 qualifies the type of appraisal amount given in PAS03.
PAS-03
Monetary Amount
Decimal number (R)
Mandatory
1
18
-
Monetary amount
PAS03 is the estimate of the property value.
PAS-04
Monetary Amount
Decimal number (R)
Conditional
1
18
-
Monetary amount
PAS04 is the estimated cost of property improvements.
PAS-05
Monetary Amount
Decimal number (R)
Conditional
1
18
-
Monetary amount
PAS05 is the estimated property value after improvements.
PAS-06
Improvement Status Code
Identifier (ID)
Optional
1
1
-
Code indicating the improvement status
PAS06 defines the status of property improvements.
PAS-07
Yes/No Condition or Response Code
Identifier (ID)
Optional
1
1
-
Code indicating a Yes or No condition or response
PAS07 defines whether the borrower is aware of the FHA valuation statement. A "Y" indicates awareness; an "N" indicates no awareness.
PAS-08
Condition Indicator Code
Identifier (ID)
Optional
2
3
-
Code indicating a condition
PAS08 describes the condition under which the appraised value was determined.
PAS-09
Date
Date (DT)
Optional
8
8
-
Date expressed as CCYYMMDD where CC represents the first two digits of the calendar year
PAS09 is the Appraisal Completion Date.
PAS-10
Yes/No Condition or Response Code
Identifier (ID)
Optional
1
1
-
Code indicating a Yes or No condition or response
PAS10 defines if comparable values are available. A "Y" indicates that comparables are available, an "N" indicates that comparables are not available.