Divorce Appraisals

[BOB PADRICK]

I just did a divorce case

and used the GPAR form. The other side's lawyer tried to give me a hard time-because it wasn't "acceptable" for banks. However, the appraisal was allowed in anyway. It is freeing that there are not the same FNMA specific requirements in the GPAR form, and the lack of pre-printed certs is great. The AI form is OK, but seems to be better suited for an MAI than a non-MAI.

Further, because it "looks" like an appraisal, the fact that it says GPAR instead of 1004 at the bottom seemed to be of no consequence to the judge in this case. YMMV-but kudos to Mr Heyn and ACI for putting this out.

 

[TC]

I recently used the GPAR form for a divorce case vs two appraisers. One used the 2055 exterior and the other the 1004 without doing an interior inspection. Guess who won?

Me, but it probably wasn't the form. The other guys were clueless.

I second kudos to Mr. Heyn.



TC

 

[Mike Kennedy]

Third!

 

[Rich Heyn]

Thank you, gentlemen. Glad to hear that you are finding the gPAR to be of use.

Rich Heyn
Director of Compliance, ACI

 

[Courtney Kocian]

So, if you've never written a narrative report, where do you start and what exactly needs to be included?

 

[Brian Weaver]

Take a report writing class that focuses on the narrative. That's the best advice you can get.