McKissock

JANUARY 8, 2021

Tidewater gives the lender (or another party to the transaction) the opportunity to provide relevant data to the appraiser to support the sale price before the appraisal report is submitted to the VA. This initiative has significantly reduced the number of formal Reconsideration of Value (ROV) requests received by the VA.

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Reconsideration of Value Appraisal Contracts Appraisal Process 59

McKissock

JANUARY 8, 2021

Tidewater gives the lender (or another party to the transaction) the opportunity to provide relevant data to the appraiser to support the sale price before the appraisal report is submitted to the VA. This initiative has significantly reduced the number of formal Reconsideration of Value (ROV) requests received by the VA.

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Reconsideration of Value Appraisal Contracts Appraisal Process 52

Appraisal Today

APRIL 7, 2023

Communicating quickly with the lender is an issue with the appraisal process. Very good tips in the article. I don’t see much written about appraisers and emails. To read more, click here My comments: Excellent article with good graphics. In addition, the appraiser should be compensated for his/her time.

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Appraisal Property Taxes Reconsideration of Value Contracts 52

Birmingham Appraisal

SEPTEMBER 15, 2022

Banks are typically absolved from discrepancies between the amount they lend and the true market value of the home meaning that they will not be held responsible to the buyer. You can read more about property inspection waivers in a past article I wrote. Appraisal vs Home Inspection. Steps in the Appraisal Process.

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Appraisal Inspection Appraisal Process Real Estate Agent 90

Appraisal Today

SEPTEMBER 9, 2022

Excerpts: Suggested protocols for responding to Reconsideration of Value requests. Click here to listen to Tim Andersen, MAI’s podcast, “Reconsiderations of Value: Satan’s Own Seed, Right?” My comments : ROVs are a PITA for many appraisers. The appraisal should not be used for any other purpose.”

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Reconsideration of Value Appraisal Clients Contracts 52

McKissock

DECEMBER 28, 2021

Traut notes that the Federal Housing Finance Agency (FHFA) announced in late October 2021 at the Mortgage Banker Association’s annual conference that banks and mortgage lenders will be able to use desktop appraisals in place of traditional appraisals for qualifying Fannie Mae or Freddie Mac backed mortgages. Paul, Minn.).

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Appraisal Reconsideration of Value Real Estate Property Appraisal 96