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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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Reconsideration of Value and Appraisers

Appraisal Today

Excerpts: Suggested protocols for responding to Reconsideration of Value requests. Click here to listen to Tim Andersen, MAI’s podcast, “Reconsiderations of Value: Satan’s Own Seed, Right?” If this article helped you understand Estate appraisal liability from an Expert, it is worth the subscription price!

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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. There is a lot of demand out there, with very little inventory. It may be due to inventory levels continuing to drop. That is a lot of bread!

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2022 Appraisal Outlook: Appraisers Cast Optimistic Eye On Coming Year

McKissock

The unprecedented buyer demand of 2021 will likely be suppressed to some extent due to affordability concerns in some markets, and more housing inventory will most likely be available from both the existing homes and new construction segments.”. The top ones are reconsideration of values, and growing prevalence of desktop appraisals.

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Why Appraisal Workfiles Are Important

Appraisal Today

To read more, Click Here My comments: The article also discusses bias. In my free newsletter, I typically don’t include links to very adverse blog posts and articles. Appraisers must consider regional economic conditions, inventory levels, and buyer sentiment when evaluating properties. Newer appraisers are lucky.

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Common USPAP Appraiser Violations

Appraisal Today

His pieces are not what I would call news articles. Click here = Want to read articles about USPAP, Appraisal Business Tips, Liability, and many other topics written for appraisers? I’m always looking for something new = ROV, Part 2 By George Dell, SRA, MAI, ASA, CRE Excerpts: ROV (Reconsideration of Value) is now in the boat.