Request from attorney

[NJ Valuator]

Attorney wants a retrospective exterior only appraisal. Non mortgage related. I know that there is no GPAR exterior only form. Would this assignment need to be a narrative? or is it even possible?

 

[Mark K]

Attorney wants a retrospective exterior only appraisal. Non mortgage related. I know that there is no GPAR exterior only form. Would this assignment need to be a narrative? or is it even possible?

Don't know why it wouldn't be possible. Similar to current date exterior-only appraisal except you use comps from the retro date. Of course there would be a few assumptions and disclaimers in the report but if that's what he wants, do it, collect the check first and then do it. Always collect check first when dealing with a lawyer that you don't personally know.

Use an exterior-only form or a GP form.

 

[NJ Valuator]

Don't know why it wouldn't be possible. Similar to current date exterior-only appraisal except you use comps from the retro date. Of course there would be a few assumptions and disclaimers in the report but if that's what he wants, do it, collect the check first and then do it. Always collect check first when dealing with a lawyer that you don't personally know.

Use an exterior-only form or a GP form.

The issue is that you cannot used a Fannie Mae 2055 form for non-mortgage related transactions and there is no exterior only GPAR form that I am aware of.

 

[Mark K]

The issue is that you cannot used a Fannie Mae 2055 form for non-mortgage related transactions and there is no exterior only GPAR form that I am aware of.

I think there are some historical drive-by forms that don't specifically reference F/F, IIRC. WinTotal seems to have about a thousand various forms; surely there's one in there somewhere that would work. If not, use the GP.

 

[TerryRohrer]

Don't the general forms allow you to specific the scope of work and your own assumptions and limitations? That is the rub with the lending forms.

 

[Bob Ipock]

The GPR asks if you perfored an interior/exterior or just an exterior.

 

[sputnam]

Attorney wants a retrospective exterior only appraisal. Non mortgage related. I know that there is no GPAR exterior only form. Would this assignment need to be a narrative? or is it even possible?

Use the GP form and indicate that the appraisal is based on an exterior only inspection.

 

[Tom D]

Use the gp 2055 exterio form. or restricted on the top of the form. I did hundreds of pre forclosures with the exterior one. estates i use the restricted.

 

[Zoe]

You need your own certifications and limiting conditions. You could use a generic form (non-F/F).

Just use the non-F/F form and include your own certs and limiting conditions. Hit all the points on USPAP.

If you have a basic narrative report that complies with USPAP, you would be fine.

IMHO.

 

[Zoe]

You have intended use and users here that could hurt you if you are not careful.