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5 Best Practices for Dealing with Reconsiderations of Value & Revision Requests

DataMaster

Yes, we’re talking about reconsideration of value (ROVs) and revision requests. Be Thorough and Clear in Your Response If there’s anything you take away from this article, let it be this: Communicate clearly. The Biden-Harris administration has been vocal in its efforts to address racial and ethnic bias in home valuations.

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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

ROV (Reconsideration of Value) Changes – FHA and GSEs GSE Effective date is August 29, 2024 HUD Effective date is September 2, 2024 Editor’s note: This long section includes, In order: McKissock/Dave Bradley post with a good summary including links to HUD and GSE documents. For appraisers, Section II.D.2.

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5 Best Practices for Dealing with Reconsiderations of Value & Revision Requests

DataMaster

Yes, we’re talking about reconsideration of value (ROVs) and revision requests. Be Thorough and Clear in Your Response If there’s anything you take away from this article, let it be this: Communicate clearly. The Biden-Harris administration has been vocal in its efforts to address racial and ethnic bias in home valuations.

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How to Respond to a Reconsideration of Value Request

McKissock

To help you out, we’ve put together some practical information to strengthen your responses to a mortgage lender’s appraisal appeal, called a reconsideration of value (ROV). If the error does impact on your opinion of value, acknowledge and revise your appraisal accordingly, as you want your appraisal to be credible.

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Bracing for Impact: Navigating Accusations of Bias in Appraising

Appraisal Buzz

This article was originally published in the Fall 2021 Appraisal Buzz Magazine here. As an appraiser, I knew the value came in low, so I asked to submit a reconsideration of value. The appraiser agreed with my viewpoint and increased his opinion of value by $100,000. RECONSIDERATIONS OF VALUE.

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The Housing Market Has Become Like the Pymatuning Spillway

Cleveland Appraisal Blog

According to the park manager Pete Houghton, who was mentioned in an article, “Where the Ducks Walk on the Fish” , this attraction draws over 300,000 visitors a year. When an appraiser’s opinion of value is below the contract price, that’s when the carping begins. (Warning – This video is a little loud.

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How to Ease the Transition to Senior Living

Cleveland Appraisal Blog

In this article, she offers some tips on how to transition a loved one to senior living. Here are some links to other articles I’ve enjoyed recently! Reconsideration of Value and Appraisers – APPRAISAL TODAY. Reconsideration of Value and Appraisers – APPRAISAL TODAY. Hello everyone!