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Need help with form selection

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KJR2008

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Junior Member
Joined
Jun 3, 2008
Professional Status
Certified Residential Appraiser
State
Texas
Was reading an article about most common mistakes made by appraisers. #1 mistake was appraisers using Fannie Mae forms for non lending transactions. Which form in WinTotal would be used for non lending transactions?
 
Joined
Mar 19, 2002
Professional Status
Certified General Appraiser
State
Illinois
KJR,

If you go one form back versus the latest single family form, you should have what you need.
 

matthewl

Sophomore Member
Joined
Jun 13, 2007
Professional Status
Certified Residential Appraiser
State
New York
I would like to see the article that you mention. Any chance you remember where you read it?
 

Mary Tiernan

Senior Member
Joined
Dec 16, 2003
Professional Status
Retired Appraiser
State
Michigan
Interestingly, USPAP Standard 2 states the form is not a matter of USPAP.

Prior to the new Fannie (2005) forms, the old 1004 was the only form available for estate/divorce work except a narrative report.

Recently the software companies provided a GPAR form which is a plain label report form which does not have some of the Fannie statements in the addendum. Some appraisers continue to use the old 1004 for divorce/estate work.

What I read on page 4 is only that altering the report to change the preprinted Limiting Conditions when the report is intended for Fannie Mae is not allowed as Fannie Mae does not allow changes to their report form.
 
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