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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

There is administrative time involved, as well as legal factors. There are few bank-owned (REO) sales right now, but when they happen, they’ve been a combination of older loans and some newer ones (but not really people who bought in 2022 at peak prices). The anticipation includes the additional burden on lenders as well as appraisers.

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Appraisers: How and Why To Check Carbon Monoxide Detectors

Appraisal Today

Consequently, both the appraiser and home inspector ended up on the receiving end of a “wrongful death” legal claim. There may be unrecorded easements or other issues that the appraiser would not and could not discover during the course of the inspection. Fannie Mae September Appraiser Update – Competency. percent from 6.25