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Intended Use: REO -vs.- 2005 FNMA Forms

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Riick

Thread Starter
Elite Member
Joined
Aug 14, 2007
Professional Status
Certified Residential Appraiser
State
Delaware
It just occurred to me that the 2005 FNMA forms are inappropriate for REO appraisals - They're for a "mortgage finance transaction".
-- None the less, FNMA itself requires the use of the 2005 forms for its own REOs.

I don't think I'm going to start arguing with my Clients that the old forms, or more general forms, are necessary.

Anyone with some good verbiage for this dilemma? :shrug:
 

Riick

Thread Starter
Elite Member
Joined
Aug 14, 2007
Professional Status
Certified Residential Appraiser
State
Delaware
Just what I thought, and effectively what I've been doing.

THANK YOU!
 
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