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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

Freddie Mac’s Bulletin, announcing the new policy, states: “Freddie Mac, in collaboration with Fannie Mae and HUD, is implementing requirements related to reconsideration of value (ROV) that promote consistency when a perceived appraisal issue and/or appraisal deficiency exists. George Dell – his usual very interesting comments.

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FHA: Cosmetic vs. MPR Repairs

Appraisal Today

MPR Repairs: Guidance for FHA Appraisers By: McKissock Excerpts: If you are appraising a property that needs some cosmetic repairs but meets FHA minimum property requirements (MPR) in its current condition, you should make the appraisal “as-is.” Here is some guidance on cosmetic repairs vs. MPR repairs. Photos and lots of examples.