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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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5 Best Practices for Dealing with Reconsiderations of Value & Revision Requests

DataMaster

Yes, we’re talking about reconsideration of value (ROVs) and revision requests. Be Thorough and Clear in Your Response If there’s anything you take away from this article, let it be this: Communicate clearly. The Biden-Harris administration has been vocal in its efforts to address racial and ethnic bias in home valuations.

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5 Best Practices for Dealing with Reconsiderations of Value & Revision Requests

DataMaster

Yes, we’re talking about reconsideration of value (ROVs) and revision requests. Be Thorough and Clear in Your Response If there’s anything you take away from this article, let it be this: Communicate clearly. The Biden-Harris administration has been vocal in its efforts to address racial and ethnic bias in home valuations.

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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. It’s truly a win-win.”. Stay in communication. We all like free Liability advice!

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

Portland Appraisal Blog

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. If any of the above points are all valid for your deal it could result in a different value conclusion.