Article Contracts Design Reconsideration of Value 
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. For appraisers, Section II.D.2.
McKissock
JANUARY 8, 2021
The VA has a unique set of protocols, known as the Tidewater Initiative, that a VA appraiser must follow when he or she expects the appraised value of a property is going to be lower than its contract price. This initiative has significantly reduced the number of formal Reconsideration of Value (ROV) requests received by the VA.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Appraisal Today
APRIL 7, 2023
Very good tips in the article. Carden designed and built the house beginning in 1986. To read more, click here My comments: Excellent article with good graphics. ” The unique design of this home has been carefully preserved, an impressive feat in which no rooms are square or rectangular. Built in 1960.
McKissock
JANUARY 8, 2021
The VA has a unique set of protocols, known as the Tidewater Initiative, that a VA appraiser must follow when he or she expects the appraised value of a property is going to be lower than its contract price. This initiative has significantly reduced the number of formal Reconsideration of Value (ROV) requests received by the VA.
Appraisal Today
NOVEMBER 4, 2022
Reconsideration of value and Appraisers. Architect James Kluttz designed the place for himself and his family in 1987. Here are a few of the differences discussed in the article: Lender Non-lender. Mortgage Borrowers Can Challenge Inaccurate Appraisals Through the Reconsideration of Value Process.
Appraisal Today
FEBRUARY 23, 2024
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!
Appraisal Today
SEPTEMBER 9, 2022
Excerpts: Suggested protocols for responding to Reconsideration of Value requests. Maintain USPAP compliance – Confirm the ROV request came from your client, either directly or through the client’s AMC, acting as an agent for the client, or other party designated as an agent by the client. Read this article!!!
Expert insights. Personalized for you.
69 
Let's personalize your content