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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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Practical Tips for Working With AMCs

Appraisal Today

They really appreciate it, and it ensures you can complete assignments on time as you had planned (no one likes waiting for a legal description only to have it show up on your day of 4 inspections!). Reconsideration of value and Appraisers. Mortgage Lending You decide. It’s truly a win-win.”. Use of appraisal.

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

Portland Appraisal Blog

The purpose of this blog post is to lend some insight into what an agent should do and not do during the third stage. Usually this is done via a document known as a “reconsideration of value” (ROV for short). What is a Reconsideration of Value? In short, a reconsideration of value is another appraisal.

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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?” Get the relevant date of value from the client or client’s attorney. Read this article!!! Excerpts: 2.