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FHA: Cosmetic vs. MPR Repairs

Appraisal Today

The fraud started in 2008, one year after Roberts became a licensed appraiser, according to court documents and statements. In 2007, he started appraising conservation easements, which are specified areas of land earmarked for environmental conservation. Owners with conservation easements can claim an income tax deduction.

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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

If it appears to a VA appraiser that the appraised value of a property is going to come in below the pending sales price, the appraiser must contact the designated point of contact (POC) party that is specified in the appraisal order. In more recent downturns, such as during the 2008 recession, many foreclosures were due to bad lending.