New GP Land Form?

Discussion in 'a la mode (TOTAL)' started by Alexx, Apr 3, 2007.

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  1. Alexx

    Alexx Sophomore Member

    0
    Jun 1, 2006
    Professional Status:
    Certified Residential Appraiser
    State:
    Florida
    Hey has anyone checked out the new land form that came in this morning? Is this form Fannie Mae approved? Or should the other land form still be used?
     
  2. Eturner

    Eturner New Member

    0
    Nov 23, 2002
    Professional Status:
    Certified Residential Appraiser
    State:
    Illinois
    It is my understanding that this category of forms are to be used for non lending purposes only. Anything done for "Fannie" or Freddie" must be done on the 2005 Fannie forms.
     
  3. Mister Ed

    Mister Ed Senior Member

    0
    Jan 24, 2004
    Professional Status:
    Certified Residential Appraiser
    State:
    Georgia
    It is not Fannie approved. It is designed primarily for non-lending purposes.

    I imagine that showing it to knowledgable loan officers in your local band who would like an option for "in-house" stuff that would never see Fannie could be a lending use for it.
     
  4. JRS at OBX

    JRS at OBX Elite Member

    2
    Jun 13, 2006
    Professional Status:
    Certified Residential Appraiser
    State:
    North Carolina
    The Goodpasture form?? No way. :new_smile-l:
     
  5. Tim Schneider

    Tim Schneider Member

    0
    Feb 8, 2007
    Professional Status:
    Certified Residential Appraiser
    State:
    Wisconsin
    Fannie doesn't buy vacant land loans... do they?
     
  6. Kali the Boston Terrier

    Kali the Boston Terrier Senior Member

    0
    Jul 7, 2003
    Professional Status:
    Certified General Appraiser
    State:
    Michigan
    No its not, but I sure like it better than the crappy FNMA forms.
     
  7. Stone

    Stone Elite Member

    6
    Feb 1, 2002
    Professional Status:
    Certified General Appraiser
    State:
    Wisconsin
    No, they do not.
     
  8. Rick Neighbors

    Rick Neighbors Senior Member

    0
    Jan 19, 2002
    Professional Status:
    Certified Residential Appraiser
    State:
    Texas
    Alamode GP Forms

    I have yet to get to use the Vacant Land GP Form, but am looking forward to trying it out. I have already made a template with all my pertinent forms. However, due to the gas well business around here, most vacant land is not selling.

    I have used the GP 1004, and like it a lot! I have done several appraisals on that form, and my local bankers have had only good comments.

    Rick
     
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