Appraisal Today

MAY 10, 2024

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. George Dell – his usual very interesting comments.

Reconsideration of Value 71

Reconsideration of Value Appraisal Real Estate Insurance 71

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.

Government 370

Government Appraisal Reconsideration of Value Lending 370

Housing Wire

JANUARY 3, 2023

Personally, tracking the occurrences of over 2,700 VA loans through Vetted VA for 2021, I can tell you that professionals — who truly know the VA loan — don’t hate the current VA appraisal process. When it comes to establishing market value, I think the VA appraisal at present determines this as well as any other.

Modernization 79

Modernization Real Estate Agent Reconsideration of Value Appraisal Process 79

McKissock

DECEMBER 28, 2021

“While 2022 is expected to continue to be a good year for the housing market, it will not be as exceptional as 2021,” predicts Jo Traut, appraisal curriculum and content specialist at McKissock Learning. It’s likely that the task force’s recommendations will be adopted by most of the major players in the residential mortgage lending arena.

Appraisal 96

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. 2021 is off to a wild start.

Housing Market 367

Housing Market Marketing Reconsideration of Value Contracts 367

Appraisal Today

FEBRUARY 23, 2024

I find myself scouring 2021 onward especially. The truth is there are portions of 2021 and 2022 where prices are exactly the same as today too, so if I use an older comp, I don’t always need to adjust for the way the market has changed. This will save time, especially when consumers request a Reconsideration of Value.

Appraisal 68

Appraisal Real Estate Contracts Reconsideration of Value 68