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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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Appraisers: How to Manage Your Emails

Appraisal Today

Very good tips in the article. To read more, click here My comments: Excellent article with good graphics. The May issue of Appraisal Today will have an updated article on a non-lender opportunity: Assessment Appeals – Marketing, Reassessment Opportunities, Fees, Critical Dates, etc. Work on organizing your emails.

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Practical Tips for Working With AMCs

Appraisal Today

It can help you get more business from AMCs (and other lender clients). I keep my advertising clients and this newsletter’s content separate. Reconsideration of value and Appraisers. Communicating with non-lender clients: Very, very different from lenders!! Lender decides You must match to client.

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Getting Appraisers to Reconsider Value—Do’s & Don’ts

Portland Appraisal Blog

You’re a real estate agent and after a lot of back-and-forth, give-and-take, offers and counteroffers, you’ve helped your client negotiate a sweet price for their home. There has been a meeting of the minds, the contract has been signed and everyone is anticipating a smooth closing. What is a Reconsideration of Value?

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How to Find Comps With Few Sales

Appraisal Today

I wrote an article Why I am an appraiser, in a recent paid monthly newsletter (excerpts below). I read articles online and in the local newspaper, but they didn’t have much information. Take Note of GSE Requirements To read more, Click Here My comment: If you do residential lending appraisals, read this article!

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The Housing Market Has Become Like the Pymatuning Spillway

Cleveland Appraisal Blog

According to the park manager Pete Houghton, who was mentioned in an article, “Where the Ducks Walk on the Fish” , this attraction draws over 300,000 visitors a year. When an appraiser’s opinion of value is below the contract price, that’s when the carping begins. That is a lot of bread!

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New Homebuyer’s Guide To Appraisals

Birmingham Appraisal

Banks are typically absolved from discrepancies between the amount they lend and the true market value of the home meaning that they will not be held responsible to the buyer. You can read more about property inspection waivers in a past article I wrote. What If The Appraisal Is Less Than The Contract?