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. There is administrative time involved, as well as legal factors. Instead, they can have rights to it via an easement agreement until 2153—an arrangement that protects the house from developers. They start the row.
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