Riverfront Appraisals

JULY 1, 2021

So far, we’ve covered final inspections, lending on unique homes, communication with the appraiser, reconsiderations of value, bracketing and FHA appraisals. For the past six months, I’ve been blogging with the purpose of assisting loan officers to better understand the appraisal process. And, you’ll definitely […].

Appraisal Process 88

Appraisal Process Reconsideration of Value Bracketing Final Inspection 88

Housing Wire

JANUARY 24, 2022

The appraisal industry’s “byzantine regulation structure,” according to the report’s authors — experts in fair housing, fair lending and valuation — has stunted the appraisal industry’s understanding of fair housing risk. The regime has limited its accountability and enforcement systems. That process varies from lender to lender.

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Government Appraisal Reconsideration of Value Lending 367

Riverfront Appraisals

JUNE 13, 2021

So far in our series, we’ve looked at final inspections, lending on unique homes, communication with the appraiser, reconsiderations of value and bracketing. […]. This post is part six of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. We’re halfway there!

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Reconsideration of Value Final Inspection Bracketing Appraisal 80

Riverfront Appraisals

APRIL 30, 2021

So far in our series, we’ve looked at final inspections, lending on unique homes, communication with the appraiser, and reconsiderations of value. This post is part five of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. So if this is […]. appeared first on Riverfront Appraisals.

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Bracketing Reconsideration of Value Final Inspection Appraisal 78

McKissock

DECEMBER 28, 2021

One possibility being discussed is a standardized reconsideration of value process that a property owner can utilize if they believe their house was undervalued by an appraiser. It’s likely that the task force’s recommendations will be adopted by most of the major players in the residential mortgage lending arena. Paul, Minn.).

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Appraisal Reconsideration of Value Real Estate Property Appraisal 96

Cleveland Appraisal Blog

MARCH 30, 2021

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. I’m grateful that nearly half of my work these days is not for lending purposes.

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Housing Market Marketing Reconsideration of Value Contracts 367

Housing Wire

APRIL 6, 2021

How hybrid title and valuations help increase lending efficiency. I disputed the appraisal with three more comps along with receipts of all the upgrades over $25,000 and he still refused to adjust the value,” she said. She recently had a deal fall apart due to appraisal. Streamline by combining services. Presented by: Altisource. “I

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Appraisal Reconsideration of Value Real Estate Agent Sellers 539

Birmingham Appraisal

JUNE 13, 2023

You should never discuss value, however, you can discuss errors in factual information such as the number of bedrooms or bathrooms, or the number of acres the house is located on. Request a reconsideration of value- If you disagree with the appraised value, you can request a reconsideration of value from the lender.

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Real Estate Agent Real Estate Agents Reconsideration of Value 81

Portland Appraisal Blog

APRIL 14, 2019

The purpose of this blog post is to lend some insight into what an agent should do and not do during the third stage. Usually this is done via a document known as a “reconsideration of value” (ROV for short). What is a Reconsideration of Value? In short, a reconsideration of value is another appraisal.

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Appraisal Reconsideration of Value Agents Market Value 78

Annarbor Appraisal

SEPTEMBER 6, 2020

Lenders offer a formal “Reconsideration of Value” (ROV) process. If the value remains the same, then it is time to renegotiate or move on. Remember the appraisal is for the benefit of the lender to ensure there is adequate collateral for the property they are lending on.

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Mortgage Appraisal Appraisal Mortgage Reconsideration of Value 78

Appraisal Today

NOVEMBER 4, 2022

Reconsideration of value and Appraisers. Mortgage Lending You decide. Mortgage Borrowers Can Challenge Inaccurate Appraisals Through the Reconsideration of Value Process. Excerpts: Accurate appraisals are essential to the integrity of mortgage lending. We all like free Liability advice!

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Reconsideration of Value Appraisal Inspection Advertising 52

Birmingham Appraisal

FEBRUARY 20, 2024

The lender then obtains an appraisal to make sure that the property they are lending on, which is the collateral for the loan, is worth what they are paying for it. The sales can be considered during the development of the appraisal rather than after it is completed through a reconsideration of value which can delay the home buying process.

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Agents Appraisal Real Estate Agent Bracketing 89

Housing Wire

JANUARY 3, 2023

When it comes to establishing market value, I think the VA appraisal at present determines this as well as any other. When value is not achievable in the opinion of the appraiser — both Tidewater and Reconsideration of Value allow more protective flexibility for the borrower than any other loan type.

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Modernization Real Estate Agent Reconsideration of Value Appraisal Process 76

Birmingham Appraisal

SEPTEMBER 15, 2022

A mortgage appraisal is an appraisal that is done for mortgage lending purposes. 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. What is a Mortgage Appraisal?

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Appraisal Inspection Appraisal Process Real Estate Agent 93

Appraisal Today

FEBRUARY 23, 2024

Take Note of GSE Requirements To read more, Click Here My comment: If you do residential lending appraisals, read this article! This will save time, especially when consumers request a Reconsideration of Value. Very comprehensive. I have been hearing rumors for years about GSE complaints.

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Appraisal Real Estate Contracts Reconsideration of Value 68