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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

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. For appraisers, Section II.D.2.

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A New ‘Standard’ for ROV Requests

Appraiserblogs

White Paper: Requests for Reconsiderations The paper states that…. Reconsideration of Value Requests Open invitation for spurious reconsideration requests. ANSI Measuring Standard Required in 2022 On December 15, 2021, Fannie Mae announced that it will be adopting ANSI Measuring Standard in 2022.

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5 Best Practices for Dealing with Reconsiderations of Value & Revision Requests

DataMaster

Yes, we’re talking about reconsideration of value (ROVs) and revision requests. We recognize that is not always the case, but that is a blog for another day. In 2022, the administration launched the interagency task force on Property Appraisal and Valuation Equity (PAVE).

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5 Best Practices for Dealing with Reconsiderations of Value & Revision Requests

DataMaster

Yes, we’re talking about reconsideration of value (ROVs) and revision requests. We recognize that is not always the case, but that is a blog for another day. In 2022, the administration launched the interagency task force on Property Appraisal and Valuation Equity (PAVE).

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Practical Tips for Working With AMCs

Appraisal Today

My comments: Read this blog post with practical tips from practicing appraisers. But, McKissock’s blog posts are short, well written, and popular with readers, so I include them regularly. Reconsideration of value and Appraisers. To read more of this long blog post with many topics, click Read More Below!!

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Why Appraisal Workfiles Are Important

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on appraiser discrimination lawsuit, waivers, staying positive with slow business, appraiser’s economic forecast, unusual homes, mortgage origination stats, etc. Read on blog www.appraisaltoday.com/blog Posted by noon Friday.

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How to Find Comps With Few Sales

Appraisal Today

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. I wrote that blog after 8 years of experience. Read on blog www.appraisaltoday.com/blog Posted by noon Friday. baths, 12,770 sq.ft.,