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  #1  
Old 04-03-2007, 10:14 AM
Alexx Alexx is offline
 
Join Date: Jun 2006
State: Florida
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Default New GP Land Form?

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?
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Old 04-03-2007, 11:14 PM
Eturner Eturner is offline
 
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Location: St. Joseph, IL
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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  
Old 04-05-2007, 03:57 PM
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Mister Ed Mister Ed is offline
 
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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.
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Old 04-07-2007, 01:14 AM
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JRS at OBX JRS at OBX is online now
 
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Location: Outer Banks of NC (OBX)
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The Goodpasture form?? No way.
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  #5  
Old 04-07-2007, 08:47 AM
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Fannie doesn't buy vacant land loans... do they?
  #6  
Old 04-21-2007, 12:55 PM
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No its not, but I sure like it better than the crappy FNMA forms.
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Old 04-21-2007, 01:04 PM
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Quote:
Originally Posted by Tim Schneider View Post
Fannie doesn't buy vacant land loans... do they?
No, they do not.
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Old 04-23-2007, 08:48 PM
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Rick Neighbors Rick Neighbors is offline
 
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Location: Keene, Texas
State: Texas
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Default 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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