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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. We recognize that is not always the case, but that is a blog for another day. We know it’s frustrating, you know it’s frustrating, your client probably even knows it’s frustrating. Remain Objective and Professional Take a deep breath.

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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. We recognize that is not always the case, but that is a blog for another day. We know it’s frustrating, you know it’s frustrating, your client probably even knows it’s frustrating. Remain Objective and Professional Take a deep breath.

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A New ‘Standard’ for ROV Requests

Appraiserblogs

But I digress… According to the Dodd-Frank law, and the HVCC before it, clients are allowed to challenge the appraiser’s value opinion by submitting what is termed in the law “appropriate” sales to be further reviewed, with the expectation that. White Paper: Requests for Reconsiderations The paper states that…. No thank you.

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The Housing Market Has Become Like the Pymatuning Spillway

Cleveland Appraisal Blog

When an appraiser’s opinion of value is below the contract price, that’s when the carping begins. The number of professional reconsiderations of value coming in are increasing. You can also listen right here at Cleveland Appraisal Blog! Good agents know this. www.homevaluestories.libsyn.com. www.anchor.fm/cash-appraiserstats.com.

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2022 Appraisal Outlook: Appraisers Cast Optimistic Eye On Coming Year

McKissock

Another content and curriculum manager at McKissock, Dan Bradley, warns that three major unknowns face the appraisal profession for 2022: the PAVE (Property Appraisal and Valuation Equity) task force ; inflation and interest rates; and property values/market conditions. Want to contribute to our blog? Paul, Minn.).

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Practical Tips for Working With AMCs

Appraisal Today

My comments: Read this blog post with practical tips from practicing appraisers. It can help you get more business from AMCs (and other lender clients). I keep my advertising clients and this newsletter’s content separate. But, McKissock’s blog posts are short, well written, and popular with readers, so I include them regularly.