ROV (Reconsideration of Value) Changes – FHA and GSEs
Appraisal Today
MAY 10, 2024
VA’s Tidewater Initiative written in 2021 by McKissock (Similar idea as current ROV changes), effective in 2003. I have never done an “official” ROV for a lender, but I did not like any lender clients objecting to my values. Appraisersblogs with Dave Towne’s opinions plus many appraiser comments. It was and is controversial.
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