Exhibit 31.2

                                  CERTIFICATION

I, Alan P. Hirmes, hereby certify that:

1.   I have reviewed this annual report on Form 10-K/A of American Mortgage
Acceptance Company;

2.   Based on my knowledge, this report does not contain any untrue statement of
a material fact or omit to state a material fact necessary in order to make the
statements made, in light of the circumstances under which such statements were
made, not misleading with respect to the period covered by this annual report;

3.   Based on my knowledge, the financial statements, and other financial
information included in this annual report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this report;

4.   The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-15 and 15d-15) for the registrant and we have:

a)   designed such disclosure controls and procedures to ensure the material
information relating to the registrant, including its consolidated subsidiaries,
is made known to us by others within those entities, particularly during the
period in which this annual report is being prepared;

b)   evaluated the effectiveness of the registrant's disclosure controls and
procedures

c)   in this report our conclusions about the effectiveness of the disclosure
controls and procedures based on our evaluation as of the Evaluation Date;

5.   The registrant's other certifying officers and I have disclosed, based on
our most recent evaluation, to the registrant's auditors and the audit committee
of registrant's board of directors or persons performing the equivalent
functions:

a)   all significant deficiencies in the design or operation of internal control
which adversely affect the registrant's ability to record, process, summarize
and report financial data; and

b)   any fraud, whether or not material, that involves management or other
employees who have a significant role in the registrant's internal controls.

Date May 7, 2004                                     By: /s/ Alan P. Hirmes
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                                                         Alan P. Hirmes
                                                         Chief Financial Officer