Used the wrong form now what?

[chad hampton]

Why not issue a revised report? I’ve written professional engineering reports for most of the last 20 years as well, you can make revisions that void and supersede prior versions of the report.

It’s not like this is the one profession where as soon as you hit send, everything is locked in and finalized in perpetuity. We are all human and make mistakes. But the real error is not correcting a mistake.

 

[Dublin ohio]

The 1004 form don't fit this appraisal problem.

If you use that form, I will compare it to a batter in baseball. You have strike one against you before you ever begin.

Most GP forms (except the AI form) are nothing more than a knockoff of the first three pages of the 1004, with some very minor insignificant changes. It is the certs that create the problem

 

[BRCJR]

https://www.mckissock.com/blog/appraisal/non-lender-appraisal-work/

 

[sputnam]

Why not issue a revised report? I’ve written professional engineering reports for most of the last 20 years as well, you can make revisions that void and supersede prior versions of the report.

It’s not like this is the one profession where as soon as you hit send, everything is locked in and finalized in perpetuity. We are all human and make mistakes. But the real error is not correcting a mistake.

That's right. And people understand that. The problems, when there are any, are more often caused by the trying to dance around the mistake. Just admit you didn't use the best form and rewrite the report to use a better one.

 

[Zoe]

Why not issue a revised report? I’ve written professional engineering reports for most of the last 20 years as well, you can make revisions that void and supersede prior versions of the report.

It’s not like this is the one profession where as soon as you hit send, everything is locked in and finalized in perpetuity. We are all human and make mistakes. But the real error is not correcting a mistake.

Yeah. Now is the time to call the client and fix it. Nothing wrong there at all. Just say the certifications and limiting conditions did not meet the client's needs. This is a revised report.

That may not be the way to phrase it. State the prior appraisal report was not sufficient for the appraisal problem. This is a revised appraisal report with new signature date and new certifications and limiting conditions.

I don't see a problem there. I think that would be wisest choice.

It gets the appraiser off the hook on some certifications and limiting conditions on FNMA form 1004.

Narrative report is always an option with your own custom certifications and limiting conditions for this appraisal problem at hand.

In a court of law, that might be best option. I am not saying you can't use another form. I am saying narrative appraisal report could work also and meet USPAP requirements for your license.