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What forms are you using for Divorce work?

The Warrior Monk

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I use the either the AI form or narrative format, depending on the specifics of the assignment.
 

Stantheman

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Apr 9, 2009
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Certified Residential Appraiser
State
Washington
Gee...that is a new format for me :)

The right answer is none. I don't do divorce. Hairshirt job, court for free (usually) and probably costs more people their license than any other type of appraisal. But if I did do one, it would be a simple 2 approach narrative report. Fair Market Value definition.
Actually most of our Divorce (Dissolution of Marriage) Appraisals are for both sides. If you work with the right Attorneys, you don't spend much time in court, if we do $150/hr which I know is low.
 
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Terrel L. Shields

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May 2, 2002
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Arkansas
If you work with the right Attorneys, you don't spend much time in court
If you get to choose the attorney. Like estate work. Contested, didn't know that. Subpoenaed about 3 hours ago, with the check attached - $40. Great, so called my attorney and danged if she isn't on the other side of this conflict. - Sucks that the cheap bastids can't pay a professional fee for testimony.
 

redfish

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Sep 2, 2007
Professional Status
Certified Residential Appraiser
State
Michigan
I have found a napkin to be the best medium to report my OMV for dissolution of marriage appraisal assignments. Usually guarantees me juicy billable hours for testimony.

It's all about the work file anyway, right?
 

Tom D

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May 22, 2015
Professional Status
Certified Residential Appraiser
State
Pennsylvania
i won't do divorce. but depending on the value, like a row home, i would use a 2055 general. and cut out the uad, these are normal people who don't speak in appraiser lingo.
and why the 2055? my little experience has been that the judge meets everyone in the middle, no matter how brilliant you are.
 

Stantheman

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Apr 9, 2009
Professional Status
Certified Residential Appraiser
State
Washington
my little experience has been that the judge meets everyone in the middle, no matter how brilliant you are.
I would say 40% of the appraisals for divorces are joint (1 report for 2 Attorneys). There are A LOT of appraisers that favor one side or the other, we don't. We tell everyone we give a straight up value, and don't favor either party. We also don't work with every attorney; some are disorganized, everything is last minute and some work in a gray area. About 50% of the time judges will split it down the middle.
 

bnmappraisal

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Nov 9, 2011
Professional Status
Certified Residential Appraiser
State
Florida
Other Appraisers in our area are using similar forms, but they leave all the UAD comments section in. Others make theirs a Restrictive Appraisal Report.
Sad :mad2:
 

bnmappraisal

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Nov 9, 2011
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Certified Residential Appraiser
State
Florida
As many others have already stated, I would recommend some form of the GPAR (General Purpose Appraisal Report) - I use Total
If you are using Fannie forms however the intended use is for lending purposes.
DO NOT use the F/F 1004 UAD form (many threads about this) but because of the above quote (my bold), this often seems to get appraisers in trouble
 

Rick Phillips

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Joined
Jul 2, 2004
Professional Status
Certified Residential Appraiser
State
District of Columbia
We are currently using a non-lender 1004 for Attorney work. Besides a Narrative Report, I'm wondering what others are using.

Other Appraisers in our area are using similar forms, but they leave all the UAD comments section in. Others make theirs a Restrictive Appraisal Report.

I use the Appraisal Institute form for all divorce and estate work. I find it's easier for both me to work in and the clients to read and understand later on. I've used the GP in the past and personally I think it sucks. The AI form is not without it's idiosyncrasies. And often I skip the income page when printing (and sometimes the cost).
 
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