Velocity Commercial Capital Loan Trust 2026-5 ABS-15G

Exhibit 99.03

 

VCC Limited Appraisal Report

Run Date - 10/27/2026 11:46:51 AM

AMC Loan ID Customer Loan ID Seller Loan ID Edgar Loan ID Servicer Loan ID Investor Loan Number Street City State Zip Valuation Status Property Condition Are there any apparent environmental, health and/or safety problems notated by appraiser or visible on photos? Is there property damage? Does the valuation reference an Unpermitted Addition? Comments
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100184     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided Average Yes No No Appraisal photo reveal water damage in unit B. Damages include -evidence of water damage to the ceiling which includes staining and drywall damage (no concern of structural damage cited in appraisal)  - the holdback is for the roofing labor/shingle roof system and permits and fees.  An estimate for roofing labor/shingle roof system/permits and fees provided by licensed vendor in the amount of $14,035.  360-day Holdback for $28,070 provided and reflected on HUD.
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100185-1     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100185-2     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100185-3     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 Yes No No XX% LTV - Appraisal reveals missing stitch plate on outlet.  No cost to cure or evidence or repair provided.
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100185-4     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C3 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100186     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100187     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C5 Yes No No XX% LTV - C5 Property condition - Appraisal reveals missing handrail on back steps. Damaged bathroom flooring and broken toilet. Water damage on ceiling in den.  Signed 90-day Holdback Agreement provided and reflected on HUD for $17,.000 to replace4 1st floor flooring, water damage, 2nd floor flooring, drywall repair, ceiling repair, reframe interior partition, doorways/hallways, baseboards, roof, and general surface prep.
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100188     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided Average No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100189     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided Average No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100288     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100190     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C3 Yes No No XX% LTV - Appraisal indicate property appears maintained in average condition; however, substantial accumulation of personal property, household items, and debris throughout interior limits actual view.  Unable to determine if there is one full functioning bathroom in the home.
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100191     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided Average No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100192     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided Average No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100296     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100193     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided Average No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100194     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C3 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100336     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided Average No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100195     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100279     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C3 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100196     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided Average No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100280     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100334     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided Average No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100197     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100198     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided Average No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100327     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100199     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C3 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100290     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C3 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100303     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C5 Yes Yes No C5 property condition - Appraiser observed evidence of water damage on the kitchen and bedroom ceilings.  Missing a handrail on stairs from first floor to second, basement bathroom was nonfunctional, damaged paint, flooring, trim and other interior finishes.  Estimated cost to cure $15,000.  365-day Holdback Agreement for $16,800 provided and reflected on HUD.  Holdback is for removal and repair of roof and decking only.  Does not include any of the interior repairs.
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100307     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100200     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C3 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100201     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided Average No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100202     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided Average No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100283-1     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C3 Yes No Yes XX% LTV. Appraisal notes the property has had an addition however there is no evidence in file they were permitted.  The GLA is different from what city records have. Owner stated that
additions were made, but does not know if city permits were obtained. Appraiser included the additions in the GLA since they were professionally
done and are similar to the original construction. The additions were not further specified in the appraisal.
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100283-2     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 Yes Yes No XX% LTV. Appraisal notes drywall damage in garage, damaged carpeting, some defective paint on ceiling with possible water damage, PTD for Roof cert and repair if needed.  No cost to cure was provided.
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100283-3     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C3 Yes No No XX% LTV. Appraisal notes defective paint, water damaged garage ceiling, interior trim damage, exterior wood damage, missing smoke detector. No cost to cure was provided.  Letter from borrower indicates repairs were made but does not indicate for what property and no proof of repairs provided.
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100283-4     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100203     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 Yes Yes No XX% LTV- Appraisal shows damaged and exposed ceilings in both units, in need of flooring and painting with a cost to cure of $2,000 and $4,000.
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100204     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided Average Yes No No Appraisal photos reveal hole in ceiling, hanging wires, and appears to be under renovation.  Cost to cure or evidence of repair not provided. Per VCC internal reviewer, the estimated cost-to-cure deferred maintenance is $15,000.
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100205     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided Average No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100306-1     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100306-10     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100306-11     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100306-12     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100306-13     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided Very Good No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100306-2     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100306-3     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100306-4     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100306-5     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100306-6     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100306-7     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 No Yes Yes XX% LTV. Appraisal notes required drywall repair in basement stairwell.  Cost to cure $500.
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100306-8     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100306-9     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100206     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C3 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100207     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C3 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100304     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 No Yes Yes XX% LTV Appraisal notes 2 windows and fascia need repair.  Cost to cure $3,500.00.
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100333     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided Average No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100300     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C3 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100286     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100291     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 No Yes No XX% LTV Appraiser indicated Kitchen cabinets need to be re-hung. No cost to cure provided.
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100302     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C3 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100208     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided Average No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100332     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided Average No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100325     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100209     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 Yes No No Appraisal indicates water damage on ceiling and possible mold from damage.  Appraisal reflects $20,000 in cost to cure due to roof leak and mold damage.  In house review has PTD for repairs.  Signed 90-day Holdback for $45,000 and reflected on HUD.
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100210     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided Average No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100211     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided Average No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100299     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100321     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided Average No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100212     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C2 Yes No No XX% LTV - Appraisal photos reflect front stairs and landing for both units are missing hand and guard rails.  No cost to cure or proof of repair provided.
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100213-1     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100213-2     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100213-3     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 Yes No No XX% LTV - Appraisal photos reveal mold on the wall behind the gas boiler.  Appraiser estimates $500 to scrape and point foundations and front porch, and $500 to test, clean and treat mold on foundation wall of basement.  No evidence repairs completed.
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100214     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C3 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100318     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 No Yes No XX% LTV Appraisal notes flooring needs installation, Photos reflect damaged fascia and possible damage to exterior siding. 120-days Holdback Agreement for $ 5,000 provided and reflected on the HUD.
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100215     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided Average No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100311     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C3 Yes Yes No XX% LTV - HVAC/heating system is not operational, Appraisal photos reflect a damaged back door with estimated cost to cure of $17,000 for door and HVAC.
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100216-1     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 Yes No No XX% LTV - Appraisal reveals crumbling foundation near basement steps.  In-house review notes damaged kitchen ceiling below bathroom.  Appears to have been/is a plumbing leak.  Black staining is noted on the patched drywall, which was completed in a non-workmanlike manner.  $300 to repair and paint entry ceiling dry wall damage provided by appraiser.
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100216-2     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 Yes No No XX% LTV - Appraisal reveals basement has standing water and possible mold in basement storage room.  No cost to cure provided.
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100216-3     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100216-4     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 Yes No No XX% LTV - Appraisal photos reveal broken storm door, detached downspout, and chipping peeling paint on porch ceiling.  No cost to cure provided.
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100217-1     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 Yes No No XX% LTV - Appraisal reveals laundry room outlet is not GFCI protected, water in basement, roof trim/gutter needs repair, and cracked basement wall.  Appraiser provided estimates for gutter and trim repair of $1,000, peeling paint on front porch and minor areas of the side/rear of house needing repainting $500, and replace damage floor tiles in entry $250.  No evidence repairs completed.
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100217-2     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 Yes No No XX% LTV - Appraisal reveals missing handrails on front steps.  No evidence of repair or cost to cure provided.
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100217-3     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 Yes No No XX% LTV - Appraisal reveals crumbling concrete front steps and broken window on front door. Outlet near washer not GFCI protected.  Cost to repair front porch stairs $500, repaint peeling porch door and front door of house $500, replace missing glass in front door $200, and repair stairway to 2nd floor $200.  No evidence repairs completed.
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100217-4     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100218-1     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 Yes No No XX% LTV - Appraisal photos reveal broken window.  In house review indicates rotted and damaged rear decking, XXXX doors are missing and stairs covered with plywood.  No costs to cure or evidence of repairs provided.
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100218-2     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 Yes No No XX% LTV -  Damages asbestos shingles and crumbling concrete front steps.  In house review has PTD for repair of the stair strings for basement stairs that are cracked and failing.  No cost to cure or evidence of repairs provided.
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100218-3     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 Yes No No XX% LTV - Appraisal photos reveal rotting wood boards and railing on porch. Porch railing not secured.  In house review indicates excessive deferred maintenance with damage front port railing, exposed wood, chipping and peeling paint noted on front port, unsecured rear porch railing, damaged and rotted deck boards, missing siding, exposed subsurface noted on subject exterior, missing GFCI outlets, staining noted on basement ceiling, and ponding water in basement.  Cost to cure $1,000 front porch and peeling paint, $300 GFI outlets updated, and $1,500 rear decking repairs.  No evidence of repairs.
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100219-1     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100219-2     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 Yes No No XX% LTV - Appraisal reveals possible mold in basement.  In house review provides estimated cost to cure of $700 repaint peeling foundation block $2,500 repair damaged down spouts, ceiling over porch and soffit and facia at rear and 2nd story, $1,000 repair damaged plaster in stairwell and finished attic, and  $500 mold remediation in basement.  Additional $500 for cabinet door fronts.
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100219-3     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 Yes No No XX% LTV - Appraisal reveals laundry room outlet not GFCI protected. Basement flooded. Basement couldn't be fully inspected due to a sewage backup. The appraiser includes a $1,000 cost to cure for the repairs needed in the basement. The appraiser was able to  take photos from the entrance and capture majority of the room. There was water on the floor, so appraiser chose not to completely enter the room.  In house review states subject has sewage backup, lead paint risk, and fallen ceiling on front and rear porches.  Rear deck could not be measure due to unsafe conditions.  Cost to cure $2,800 provided by appraiser.
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100220     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided Average No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100221     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided Average No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100331     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided Average No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100222     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided Average No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100223     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 Yes Yes No XX% LTV - Appraisal reflects missing switch plates for outlet. Broken window on unit XXXX  No cost to cure or evidence of repair provided.
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100224     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided Average No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100225     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C3 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100315     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided Good Yes Yes No XX% LTV - Subject is undergoing renovation. Missing appliances. Numerous instances of incomplete repairs/rehab work, including entryway staircase missing handrail. incomplete kitchen, exposed wiring, incomplete bathroom. 365-days Holdback Agreement for $18,780.95 provided and reflected on the HUD.
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100226     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided Good No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100335     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided Average No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100227     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100228     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C3 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100229     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C3 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100230     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C3 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100298     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided Average Yes Yes No XX% LTV Subject reflects significant deferred maintenance including; broken cabinets, peeling/worn paint, damaged garage door, dry rot, damaged eaves & gutters, boarded up doorway, damage interior walls and flooring, broken light fixtures, broken stove, exposed wires, exposed electrical outlets, broken stove, missing CO2 detectors, and no permanent heat source. 90-days Holdback Agreement for $30,000 provided and reflected on the HUD.
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100309     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C5 Yes Yes No C5 Property condition - Appraisal notes moisture damage, damaged walls, damaged flooring, ceiling/wall deterioration, and damaged bathroom vanity.  Exterior deck and porch also in need of repair.  Missing handrail on deck stairs and around deck. Significant deterioration and damage was observed to the wall and ceiling of the second floor rear bedroom including missing plaster and apparent moisture related staining.  Source and extent not determined.  Estimated cost to cure $25,000
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100322     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C5 Yes No No XX% LTV C5 property condition - Items not completed, LVP, tile/carpet floors, tile bath floor, tile/fiberglass wainscot, updated vanity with stone counter, taping of drywall and finish bedroom #3 and laundry area walls.  Exposed electrical wiring at the power meter (PTD condition for this issue not resolved), repair or replace missing soffit and hole in the wall with costs to cure $1500.  Remove excessive yard debris $500,  and repair various hold in the interior walls, finish and paint, finish door jamb in bedroom 3 $3500.
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100292     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C3 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100313     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C3 Yes No No XX% LTV Appraisal photos reveal ceiling hole with exposed pluming and no details for cause or reason. Ceiling in dining room also has a hole. No cost to cure was provided.
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100314     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C3 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100284     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C1 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100231     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided Average No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100294     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 No Yes No XX% LTV Appraisal photos reflect chipped/peeling paint, mildew on exterior, worn roof, exposed wood siding, holes in side of home, and cracked tile in bathroom. No cost to cure was provided.
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100305     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100320     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 Yes No No XX% LTV. Subject appraisal notes incomplete repairs/construction and leaking water heater which poses a potential health risk.   Unit 1 unfinished wall, removal of wall between living and dining on 1st floor $200.  Unit 2 bathroom ceiling damage.  Unit 1 bathroom ceiling water stained.  No cost to cure was provided.
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100297     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided Average No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100282     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100232     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided Average No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100233     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C2 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100234     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C3 Yes No No XX% LTV - Appraisal photos reveal interior second floor stairs missing railing.  No cost to cure or evidence of repair provided.
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100319     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C2 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100235     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100326     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 Yes No Yes XX% LTV. Bathroom is missing fixtures. No cost to cure was provided.
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100289     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 Yes Yes No XX% LTV Subject above grade (main floor of home) bathroom was in process of being renovated (not functional) with missing toilet, sink/vanity, and flooring.  Cost to cure $1,500.00.  Below grade (in unfinished basement) bathroom is complete.
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100281     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C3 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100236     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided Average No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100237     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C3 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100330     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided Average No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100238     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided Average No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100239     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided Average No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100328     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C3 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100308     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C3 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100317     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C3 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100240     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C3 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100241     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided Average No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100242     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100243     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided Average No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100244     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C3 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100245     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided Average No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100310     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C3 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100323     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C3 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100329     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C3 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100316     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C3 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100246     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100247     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided Average No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100312     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C3 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100248     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 Yes No No XX% LTV - Appraiser added cost to cure of $10,000 to convert back to SFR and add back walls from the 3rd bedroom.  No evidence property has been converted back.
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100295     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided Fair Yes Yes No Fair property condition - Appraisal photos reflect Unit 2 with peeling paint, damaged ceiling/walls in several areas, boiler missing cover plate (no cost to cure), and Unit 1 with possible mold due to missing ventilation fan in bathroom. Cost-to-cure not provided from appraiser. VCC internal analyst calculated $2,500.
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100249     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C3 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100250     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C3 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100251     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C3 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100252     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C3 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100253     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C2 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100254     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C3 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100255     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided Average No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100256     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C3 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100257     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C3 No No Yes In house review has  PTD for permits showing GLA at 1187 SF (addition of attached bonus room), if permits cannot be obtained it could affect the value.  Appraiser does not indicate if work was completed professionally and would not pose any hazards.
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100287     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C3 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100301     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 Yes Yes No XX% LTV Appraisal photos reflect numerous damaged areas.  Damaged ceiling/possible roof leak, mildew on exteriors, damaged walls, soffits, windows, damaged exterior siding, damaged flooring, missing external dryer vent covers.  Cost to cure between $5,200 & $10,500.
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100285     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100293     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C3 No No No  
XXXXXXX XXXXXXXXX XXXXXXXXX VCC-2026-5-100324     XXXXXXXXXXXXX XXXXXXXXXXXX XX XXXXX Provided C4 Yes No No XX% LTV. Subject is missing range/oven. No cost to cure was provided.